In July 2013, South Korean machine tool orders fell by 10.79% month-on-month

According to the statistics of the Korea Machine Tool Manufacturers Association, in July, South Korean machine tool orders were 295.09 billion won, down 10.79% from the previous month, and the output value was 260.29 billion won, down 4.95% from the previous month. From January to July 2013, the order value of Korean machine tools was 1,814.70 billion won, and the output value was 2,341.9 billion won, both declining for two consecutive months. In terms of trade, in July, the export of machine tools was 170 million US dollars, down 26.65% from the previous month, and the import was 120 million US dollars, an increase of 3.63%. From January to July, the export was 1.33 billion US dollars, and the import was 860 million US dollars. The export reversed the 3-month growth trend, while the import reversed the downward trend.