China's Liaoning province imports 17.4% more high-end machine tools in first half
Post Date: 31 Aug 2011 Viewed: 566
According to the statistics from Shenyang Customs, in the first half year of the year, the northeastern Chinese province of Liaoning imported a total of 2,394 units of metal processing machines at US$230 milllion, a drop of 71.5% and an increase of 43.8% respectively compared with the same period of last year. In June alone, the import value rose by 30.8% year on year to US$50 million, a new high since 2010. By product category, grinding wheel machines accounted for the greatest share of 52.5% in Liaoning's total machine tool imports in the first six months of the year. The import volume amounted to 1,382 units, down by 81.4% year on year. High-end machine tool products, represented by CNC machine tools and machining centers, recorded an import volume of 542 units in the first half, an increase of 24.6% from a year ago, accounting for 22.6% of Liaoning's total machine tool imports. This percentage was 17.4 percentage points higher than it was in the first half of 2010. During the first half of this year, Liaoning imported 1,328 units of machine tools from Korea, a decrease of 81.4% from a year, accounting for 57.7% of the province's total machine tool imports. The value of imports from Korea fell by 72% year on year to US$10 million. Liaoning's values of machine tools imported from the EU and Japan were US$90 million and US$80 million, representing increases of 74.6% and 100% respectively compared with the same period of last year.