Industry Information

Title Korea February Machine Tool Industry Trends (YoY)
Manager Ralphy Song Department in charge Exhibition Managment Team
Contact 02-3459-0028 Date 2018-05-03 09:44:33.213

[ Korean Market Intelligence ]
 

Korea's February Machine Tool Industry Trends (YoY)
Order ↑16.4%, Production ↓1.7%, Export ↓7%, Import ↓14.4%


 

 

Korean machine tool industry order receipts reached ₩263.8 billion in February, up 16.4% compared with the same month of last year. The February order receipts represented an 4.4% rise as against the previous month.

In terms of production, Korea machine tool sector slid back 1.7% yoy in February, reaching at ₩204.1 billion. The February shipment scored a whopping 42.3% rise over the preceding month.

Korean machine tool exports in February registered US$178 million, down 7% compared with the year earlier. The figure represented an 0.3% decrease compared with the preceding month.

Korean imports of machine tools totaled US$90 million in February, down 14.4% over the year earlier yoy. Compared with preceding month, the figure represented a slim 9.6% drop.