Information Letters on Economic Operation of Machine Tool Industry from January to July 2021
Judging from the statistical data of key contact enterprises of China Machine Tool Industry Association, from January to July 2021, the overall operation of key contact enterprises grew steadily, and their profitability continued to rebound. Various major economic indicators have maintained substantial growth over the same period of the previous year and the same period in 2019, and the quality of operation has been significantly improved. Compared with the same period of the previous year and the same period of 2019, all major economic indicators have achieved substantial growth, and the quality and efficiency have improved significantly.
From January to July 2021, the operating income of key contact enterprises increased by 44.8 % compared with the same period in 2019, with an increase of more than 25 %. All sub-sectors continue to maintain profitability. The share of loss-making enterprises narrowed by 1.2 percentage points compared with the same period last year. New orders for metal processing machine tools increased by 39.4% year-on-year, and orders in hand increased by 24.5% year-on-year. From January to July, the output of metal cutting machine tools in enterprises above designated size was 349,000 units, a year-on-year increase of 44.2%. The output of metal forming machine tools was 122,000 units, a year-on-year increase of 11.9%.
According to China Customs data, the import and export of machine tools and tools from January to July 2021 showed a significant growth trend, with a total import and export volume of US$18.57 billion, a year-on-year increase of 27.6%. Among them, the import value of metal cutting machine tools was US$3.60 billion, a year-on-year increase of 26.2%, and the export value was US$2.09 billion, a year-on-year increase of 39.0%; the import value of metal forming machine tools was US$710 million, a year-on-year increase of 21.4%, and the export value was US$880 million, a year-on-year increase of 39.2. %.
From January to July of 2021, the import and export of machine tools and tools maintained a surplus since June 2019, with a surplus of US$2.37 billion.
On the whole, China's economy continues to recover steadily and to improve steadily, which is conducive to the stable operation of the machine tool industry in the second half of the year. However, difficulties and unfavorable factors also need to be closely watched by industry companies and actively respond to achieve greater development throughout the year.
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