The Korean machinery industry has further recovered, and machine tool orders have increased significantly, which shows the strong demand of the market. From January to April, South Korean machine tools accumulated 1757.038 billion yen of new orders, a year-on-year increase of 60.32%; South Korea achieved a trade surplus of 100 million dollars in machine tool trade.



According to the latest statistics provided by the Korean Machine Tool Manufacturers Association (KOMMA), in April 2011, the new orders of Korean machine tools were 468.492 billion won, down 10.84% from 525.5 billion won last month, but up 29.33% from 362.256 billion won in the same period last year. From January to April, South Korean machine tools accumulated 1757.038 billion yen of new orders, up 60.32% year on year.



With the further recovery of domestic demand industries in South Korea, such as automobiles and parts, motors and electronics, and ordinary machinery, as well as the continuous growth of markets around the world, the orders of Korean machine tools have increased significantly, showing the strong demand of the market. Among them, the domestic orders of South Korea in March were 291.4 billion won, up 53.3% month on month; Export orders were 234.1 billion won, up 16.4% month on month



In April 2011, the output value of Korean machine tools was 348.627 billion won, up 17.9% from 295.7 billion won last month, reaching the highest point in the year; At the same time, the output value also increased by 72.32% compared with 202311 million won in April 2010. From January to April, the total value of Korean machine tools was 1130.29 billion won, an increase of 41.9% over the same period of 2010.



In terms of import and export trade, in April 2011, South Korea imported machine tools worth 145 million US dollars, down 4.37% month on month and up 33.99% year on year; The export of machine tools reached 183 million US dollars, up 4.11% month on month and 43.3% year on year. From January to April, South Korea imported machine tools worth US $568 million, up 35.3% from US $420 million in the same period of 2010; The accumulated export of machine tools was 668 million US dollars, an increase of 60.23% compared with 417 million US dollars in the same period of 2010. With the import and export of machine tools at the level of more than US $100 million a month for 11 consecutive months and 14 consecutive months, South Korea achieved a trade surplus of US $100 million in machine tool trade from January to April 2011.



China is the largest export market of Korean machine tools. In the first quarter, South Korea's machine tool exports to China were worth 183 million US dollars, up 51.1% year on year, accounting for 37.7% of its total exports, down 2.3 percentage points from 43% in 2010. The United States is the second largest export market of South Korea, with an export to the United States of 58 million dollars, a significant increase of 185.5% year on year, accounting for 12%. Germany ranked third with an export volume of 47 million US dollars, a year-on-year surge of 574.1%, accounting for 9.7%.