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News Release from: Manufacturing Technologies Association
Edited by the Manufacturingtalk Editorial
Team on 27 June 2006
UK machine tool exports rise in first
quarter 2006
Exports of UK metal working machine tools in the first quarter of 2006 reached GBP 113.7 million - 22.8% higher than in the same period in 2005 - seen as a positive start to 2006.
Exports of metal working machine tools from the UK in the 1st quarter of 2006 reached GBP 113.7 million; although this is -9.0% lower than in the final quarter of 2005, that particular quarter was one of the best for four years and the 1st quarter total for 2006 is +22.8% higher than in the same period in 2005 Imports of metal working machine tools into the UK were worth GBP 105.4 million in the first quarter; this is an increase of +1.8% on the final period of 2005 and is +9.9% higher than in the 1st quarter of 2005
This article was originally published on Manufacturingtalk on 13 Apr 2004 at 8.00am (UK)
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As a result, there is a trade surplus of +GBP 8.4 million making this the fourth consecutive quarterly surplus in the current sequence.
Analysis by product type shows that while the usual categories of CNC Grinding Machines (+GBP 4.7 million) and Machining Centres (+GBP 4.7 million) were important, the two largest contributors to the trade surplus in this quarter were Non-CNC Lathes (+GBP 6.2 million) and Non-CNC Drilling Machines (+GBP 5.2 million); in both cases, it was a good export performance which gave these surpluses, so they might be expected to be one-off occurrences.
The most significant trade deficits were for Sawing Machines (-GBP 4.6 million), Non-CNC Milling Machines (-GBP 4.0 million) and CNC Lathes (-GBP 3.1 million).
Metal cutting machines accounted for 79% and metal forming machines for 21% of exports; for imports the ratios were 76% and 24% respectively.
By region, exports to the other EU25 countries fell by -6.4% compared to the first quarter of 2005, while trade with the rest of the world increased by +62.2%, led by increases of +53% for the USA and +144% for China - for the latter, this was the third best ever quarter (behind 1995/Q2 and 2005/Q4).
The growth in imports was more evenly balanced with an increase for arrivals from the other EU25 of +8.7% above the level seen in the first quarter of last year, while imports from the rest of the world were up by +11.4%.
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