Asian countries, rapid growth of machine tool production

China, Japan, South Korea, China Taiwan machinedollars, an increase of 12%, total exports of 28.71
tool production maintained a double-digit growth inbillion U.S. dollars, an increase of 15%. In 2005
both the above together with the four machineChina imported 6.5 billion U.S. dollars machine tools,
tools in India and for the production of 24.8 billionor the world's largest machine tool importer,
U.S. dollars, accounting for 47.7% of the worldfollowed by the United States, Germany, South
machine tool output for the first time exceededKorea and Italy. Import value of imports of the
the Western European Group (CECIMO members)top five and for the world, 59% of import value
. Group of Western European machine toolof machine tools. Japan is the world's largest
production and for 21.9 billion U.S. dollars,exporter of machine tools in 2005, exports of
accounting for 42.3% of the world's machine toolmachine tools 6.457 billion U.S. dollars, followed by
output. It is noteworthy that Japan with 13.26Germany, Italy, China Taiwan and Switzerland, the
billion U.S. dollars output ranked first in the worldtop five export value and the value of the world's
machine tool output value, an increase of 25%,machine tool exports 71%. Their total output
ranking second in Germany, more than 37.5 billionvalue of machine tool exports more than 50%
U.S. dollars. Chinese machine tool output 5.1 billion,share of the basic. In 2005, China exported 820
up 25%; South Korea's 2.82 billion U.S. dollars, upmillion U.S. dollars machine tools, from 2004 up to
19%; China Taiwan 3.295 billion U.S. dollars, upthe world's eighth eleventh name. Value of total
14%; India 330 million U.S. dollars, an increase ofoutput value of China's machine tool exports the
52%.proportion rose to 16%, but there is great power
2005, 28 major machine tool producing countries,away from the world's machine tool.
imports of machine tools totaled 26.74 billion U.S.