China Machine Tool Industry Association announced on the 3rd the economic operation of China’s machine tool industry from January to April 2022: From January to April 2022, the total import of machine tools was 4.21 billion US dollars, a year-on-year decrease of 6.5%; the total export value was 6.33 billion US dollars, a year-on-year increase 13.0%, China’s machine tool exports continued to maintain a significant growth.

China Machine Tool Industry Association said that under the guidance of the spirit of the Central Economic Work Conference at the end of 2021, various policies and measures to stimulate economic growth will be put forward. From the data of key enterprises contacted by China Machine Tool Industry Association, the main economic indicators of the machine tool industry in January and February this year generally increased significantly year-on-year.

Since the beginning of March this year, the domestic new crown epidemic has spread in many places. The Yangtze River Delta, Pearl River Delta, Jilin, Liaoning, Xi’an, Tianjin, Zhengzhou and other cities where the epidemic is more serious are the areas where the machine tool industry enterprises are relatively concentrated. The statistics of key enterprises contacted by China Machine Tool Industry Association show that from January to March this year, the main economic indicators of the machine tool industry maintained a year-on-year growth, but the growth rate generally declined compared with January to February. The impact of the epidemic is beginning to show.

Judging from the data from January to April this year, the operating income of key contact enterprises increased by 4.2% year-on-year, down 4.2 percentage points from January to March. The total profit of key contact enterprises increased by 42.3% year-on-year, down 37.2 percentage points from January to March. On-hand orders for metal processing machine tools increased by 3.5% year-on-year, down 3.5 percentage points from January to March.

The analysis of China Machine Tool Industry Association pointed out that the main economic indicators of the association’s key enterprises from January to April and the month of April fell, mainly due to the accidental factors of the epidemic, and the fundamentals of the domestic economy were stable and improving. The epidemic situation in Shanghai and Beijing has improved recently, and social production and life are recovering in an orderly manner. Recently, the State Council has successively launched various policies and measures to stimulate economic growth. It is foreseeable that China’s machine tool industry will gradually return to the normal growth track with the recovery of the entire social and economic operation.