Italian machine tool exports are expected to hit a new high in 2014

In 2013, the output value of Italian machine tools was 4.78 billion euros, a slight decrease of 1% compared with the same period last year, and a year-on-year decline for three consecutive years. Three-quarters of the output value of Italian machine tools mainly comes from exports, and China, the United States, Germany, Russia and France are the main export destinations. From the current situation, imports increased slightly by 0.7%, and the consumption of machine tools has reached the bottom, which is 1.6% lower than that in 2012. In 2014, Italy has not yet got rid of the impact of high domestic unemployment rate and tight money supply. Domestic consumption is weak, but exports will increase. Therefore, it is expected that Italy's GDP will increase slightly by 0.1% in 2014. The main user industries of the machine tool industry will achieve recovery growth. , reaching 2.3%, but the output value of the rapidly growing precision and optical instrument industry in 2013 will decrease. In 2014, the output value of Italian machine tools will increase by 4.6%, reaching 5 billion euros; exports will hit a record high, and the export rate will remain above 75%.