German machine tool imports and exports fell in the first quarter

According to statistics released by the German Machine Tool Manufacturers Association (VDW), in the first quarter of 2010, orders in the German machine tool industry increased by 43% year-on-year, especially overseas orders. In terms of consumption, the consumption of German machine tools in the first quarter was 994 million euros, a sharp drop of 40% year-on-year. In terms of imports and exports, in the first quarter of this year, the export value of German machine tools was 1.129 billion euros, down 25% from the same period last year. Imported machine tools were 393 million euros, down 45% year-on-year. VDW said that since the financial crisis, German machine tool exports have fallen by more than 25%, and the only bright spot is that exports to China have always maintained growth. From the perspective of machine tool export countries and regions, in the first quarter of this year, Germany's machine tool exports to China were 292 million euros, a year-on-year increase of 13%, accounting for 25.9% of the country's total machine tool exports; the second largest exporter was Russia, which exported The value of exports was 68 million euros, down 17% year-on-year, accounting for 6.0% of total exports; the United States was the third largest exporter with an export value of 65 million euros, down 43% year-on-year, and its share also fell to 5.8%. From the perspective of machine tool import sources, in the first quarter of 2010, Germany imported the most machine tools from Switzerland, with an import value of 108 million euros, a year-on-year decrease of 34%, and its import share was 27.4%; Italy and Japan tied for the second place, with the same import value of 27.4%. 38 million euros, but the import value from Italy dropped by 62% compared with the same period of the previous year, and the import value from Japan decreased by 47% year-on-year; the import value of machine tools from China was 18 million euros, a year-on-year decrease of 27%, and the share rose to 4.6%.