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Machine Tool Trade In 2006, the world's machine tool exports totaled US$33.73 billion, accounting for 57% of the world's machine tool output. This shows that more than half of the world's machine tool production is exported, leaving only 40% for their own use. China’s neighboring South Korea’s machine tool exports in 2002 were only $415 million, reaching $1.65 billion in 2006 and three times in four years.
The ratio of export/output value reflects the manufacturing capacity of the enterprise and the contribution rate to the industry. Although the ratio of China's machine tool exports to output value has increased from 12% in 2002 to 17% in 2006, there is still a big gap compared to the world's machine tool manufacturing power. Swiss machine tool exports accounted for 89% of production value, Germany 73%, Italy 60%, Japan 51%, US 50%, South Korea 40%.
The display of these figures also declares that the CNC machine tool processing industry accounts for a large share of the market. From production to consumption to final trade to illustrate the progress of this machinery industry. From the traditional machine tool processing to the current CNC machine tool processing, from the quantum leap to the qualitative leap.