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Korean lathe machine develop fast

2013 January-July, Korean machine tool orders amounted to 1.8147 trillion won, output value of 2.3419 trillion won.
In Trade, exports of machine tools $ 170 million, a decline of 26.65%, imports $ 120 million, an increase of 3.63%. January-July exports of $ 1.33 billion, imports $ 860 million, reversing three months export growth momentum, while imports reversed the downward trend.
According to the U.S. GardnerPublications analysis, Korea ranked world's fourth machine tool manufacturers. Gardner said that in 2012, 6.7% of the world machine tool production in Korea. According to German Federal Foreign Trade and Investment Agency (GTAI) provided a report in machine tool sales and imports, South Korea ranked fifth. On the export side, the Asian country ranked seventh in the world. 
According to reports, South Korea Machine Tool Manufacturers Association (Komma) machine tool production value nearly 3.5 trillion won, compared with 2011 increased by 1%. In export market, its production growth of 7%. 
According to the data showed the country's machine tool production in 2012 nearly 89% of the cutting tool. Followed by the processing center of the production, the output value reached 394 billion won.  
This year, the Manufacturers Association has forecast production growth of 5.1%. Driving force of growth is expected to come from the automotive industry, machinery manufacturing, and computer and mobile phone. On the export side, Komma manufacturers expect demand growth will come from China, USA, India, Turkey, Brazil and Indonesia and other countries. 

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