South Korea's machine tool market data increased significantly

In March 2012, the orders, production, export and import data of Korean machine tools increased significantly. It is understood that in March 2012, South Korea's new machine tool orders were 368.518 billion won, an increase of 7.84%. In the first quarter, the new orders for Korean machine tools were 992.264 billion won. In March 2012, the value of Korean machine tools was 293.48 billion won, up 7.14% from the previous month. The output value in the first quarter was 814.298 billion won. In terms of import and export trade, in March, South Korea imported machine tools of US$160 million, an increase of 39.47% from the previous month; exports of machine tools reached US$248 million, a quarter-on-quarter increase of 9.45%, and a trade surplus of US$88 million. In the first quarter, the import was 372 million US dollars, and the export was 619 million US dollars, achieving a surplus of 247 million US dollars. Since September 2011, the South Korean machine tool trade surplus has gradually increased, reaching the highest in December. In January 2012, the export volume fell more than the import volume, and the trade surplus decreased. Exports continued to increase in February, and the trade surplus continued to increase.

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