Korea Machine Tool Manufacturers Association (KOMMA) to the latest statistics show that in March 2011, South Korea, new orders for machine tools 525.5 billion won, 391.2 billion won last month's increase of 34.3% over the previous year's 299.7 billion won grew by 75.3%. The first quarter, total new orders Korea Machine Tool 1.2885 trillion yen, an increase of 77.5%, which is one of the best recent quarter.

January 2010 ~ March 2011 new orders trend Korea Machine Tool

In the South Korean auto and auto parts, electrical and electronics, machinery and other industries further recovery of domestic demand and continued growth in the world market situation, the March machine tool orders for Korea to grow significantly, indicating strong market demand. Among them, the month was 291.4 billion won South Korean domestic orders, growth of 53.3%; export orders for the 234.1 billion won, growth of 16.4%

March 2011, South Korea's machine tool production was 295.7 billion won, 244.2 billion won last month's slight increase of 21.1% over March 2010 of 225.1 billion won grew by 31.3%. In the first quarter, South Korea, the cumulative total value of 781.7 billion won production of machine tools than the same period in 2010, an increase of 31.5%.

January 2010 ~ March 2011 trend of Korea's machine tool production

In addition, in March, South Korea, shipments of machine tools 293.8 billion won, growth of 12.2%. The first quarter, total shipments of Korean machine tools 798.2 billion won, an increase of 45.7%.

Import and export trade, March 2011, Korea imported machine tools worth 151 million U.S. dollars, growth of 11.7%, grew 22.8% year on year; export machine $ 176,000,000, growth of 12.6%, while year on year increase of 55.8%. The first quarter, South Korea imported a total value of $ 423,000,000 machine than 2010's $ 312,000,000 over the same period increased by 35.8%; total exports of machine tools $ 485,000,000, compared with 2010 was 2.89 billion dollars over the same period was 67.7%. Import and export, respectively, as the machine for 10 months and 13 months to maintain a single month more than the level of $ 100,000,000 in 2011 a quarter of South Korea to achieve 062 million U.S. dollars of trade tools of the trade surplus.

January 2010 ~ March 2011 Korea Import-export trends

China is the largest market for Korean exports of machine tools. A quarter of South Korea's exports to China worth 183 million U.S. dollars machine, an increase of 51.1%, 37.7% of its total exports, compared with 43% in 2010 decreased by 2.3 percentage points. The United States is Korea's second largest export market for U.S. exports 058 million U.S. dollars, a substantial increase of 185.5% year on year, with a share of 12%. Germany ranks third in exports of 0.47 billion U.S. dollars, soared 574.1 percent year on year, with a share of 9.7%.