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News Release from: Manufacturing Technologies Association
Edited by the Engineeringtalk Editorial
Team on 16 December 2005
Machine tool exports rise
For the first nine months of 2005, exports of metal working machine tools from the UK were worth £313m, up 5% on the same period in 2004, while imports increased by 10% to £300.5m.
For the first nine months of 2005, exports of metal working machine tools from the UK were worth £313m, up 5% on the same period in 2004, while imports increased by 10% to £300.5m, according to the Manufacturing Technologies Association This gives a trade surplus for the first nine months of 2005 of £12.5m
This article was originally published on Engineeringtalk on 1 Dec 2005 at 8.00am (UK)
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UK exports of machine tools in the third quarter of 2005 were worth £106.8m, a fall of 6.1% compared with the second quarter of 2005, but 13.1% higher than in the third period of 2004.
On the same basis, UK imports were worth £96.1m, 11.5% down compared with the previous quarter, but 2.1% up on the same period a year ago.
Compared with the first nine months of 2004, deliveries to the EU increased by 20.9% for the EU25 and by 27.7% for the EU15, while exports to the rest of the world fell by 10.5%.
Exports to the USA were lower, but this came about from a weak start to the year, with shipments in the third quarter higher than a year ago.
Among the non-European countries, there were some increases in exports, most notably to China (+14%) and India (+56%).
India's figures were from a lower base than in China.
Imports from the EU were broadly the same as in the first nine months of 2004, but non-EU sourced imports increased 18%, led by increases in arrivals from Japan (+16%), Taiwan (+68%) and China (+13%).
Analysis by product type shows strong surpluses for CNC grinding machines (+£23.1m), machining centres (+£18.2m) and physico-chemical machines (+£11.9m).
The largest trade deficits were for CNC lathes (-£19.4m) and sawing machines (-£15.7m).
Within total exports, metal cutting machines accounted for 82% and metal forming machines for 18%; for imports the ratios were 79% and 21% respectively.
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