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Japan’s MT industry supply & demand results for H1 2022 (Jan-Jun)(3/4)

November 29, 2022

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Exports to the US increased sharply YoY

Machine tool exports in the first half of 2022 increased 16.8% YoY to 395.085 billion yen, while the number of units decreased 1.6% YoY to 42,536 units.

In terms of monetary value, exports to East Asia accounted for the highest share, at 42.3%, down 8.5 points YoY, but still accounting for more than 40% of the total. The decrease in East Asia was more than offset by increases in North America and Europe, which accounted for 24.3% and 19.3% of the total, respectively. Southeast Asia dropped 1.1 points YoY, dropping its share to 11.8%.

The top 10 export destinations were the same as in the same period of the previous year, with China in first place, but down 9.1% YoY to 116.813 billion yen. Exports to the US, in second place, were nearly twice as large as those to China in the first half of 2021, but in the same period of 2022, the figure rose sharply to 85.45 billion yen, up 40.9%. In third place was South Korea, with a 33.4% YoY increase to 23.238 billion yen. India, which ranked fourth last year, fell 33.3% YoY to 12.151 billion yen, dropping to seventh place.

By machine type, exports of lathes, special processing machines (EDMs and water-jet processing machines, etc.), and milling machines increased significantly YoY, while exports of MCs and grinders increased slightly.

Based on “Trade Statistics” from the Ministry of Finance in Japan, SEISANZAI Japan compiled the top 10 countries in terms of exports of major machine types of NC lathes and MCs.

As in the previous year, the top two countries for NC lathes were the US and China. Thailand, which ranked 9th in the previous year, dropped to 11th place, and France, which ranked outside the top 10 in the previous year, moved up to 9th place.

The top three export destinations for MCs were China, the US, and India, unchanged from 2021. While exports to China fell 17.2% YoY to 67,309 million yen, the US, which came in second, showed sharp growth, increasing 54.7% YoY to 40,016 million yen.

Followed by

Japan’s MT industry supply & demand results for H1 2022 (Jan-Jun)(4/4)

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