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News Release from: Manufacturing Technologies Association
Edited by the Manufacturingtalk Editorial
Team on 15 December 2005
UK machine tool foreign trade runs ahead
of 2004
For the first nine months of 2005, exports of metal working machine tools from the UK were worth GBP 313.0m, an increase of +5.0% on the same period in 2004, while imports increased by +10.0%.
UK Machine Tool foreign trade running ahead of last year's level For the first nine months of 2005, exports of metal working machine tools from the UK were worth GBP 313.0m, an increase of +5.0% on the same period in 2004, while imports increased by +10.0% to GBP 300.5m This gives a trade surplus for the first nine months of 2005 of +GBP 12.5 mil
This article was originally published on Manufacturingtalk on 13 Apr 2004 at 8.00am (UK)
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UK exports of machine tools in the 3rd quarter of 2005 were worth GBP 106.8m a fall of -6.1% compared to the 2nd quarter of 2005, but +13.1% higher than in the 3rd period of 2004.
On the same basis, UK imports were worth GBP 96.1m, -11.5% down compared to the previous quarter, but +2.1% up on the same period a year ago.
Compared to the first nine months of 2004, deliveries to the European Union 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 shipment sin the 3rd 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% - however, this is from a lower base than the Chinese growth).
Imports from the European Union were broadly the same as in the first nine months of 2004, but non-EU sourced imports increased by +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 (+GBP 23.1m), Machining Centres (+GBP 18.2m) and Physico-Chemical Machines (+GBP 11.9m); the largest trade deficits were for CNC Lathes (-GBP 19.4m) and Sawing Machines (-GBP 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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