Export Growth Drives Italian Machine Tool Sales

Export Growth Drives Italian Machine Tool Sales

Demand from China, the U.S., Germany, Russia and France gave the Italian tool manufacturing sector the bump it needed to increase export volumes 3.5% over last year’s figures. 

UCIMU-Sistemi per Produrre, representing Italy’s machine tool, robot and automation system manufacturing industry, released preliminary output data showing its members’ orders totaled €4.93 billion (US $6.55 billion), an increase of 3.5% over the 2011 total.

Demand from China, the U.S., Germany, Russia and France gave the Italian tool manufacturing sector the bump it needed to increase export volumes 3.5% over last year’s figures.

Exports increased to China (9.5%), the U.S. (42.5%), Russia (31.3%) and France (9.9%).

However shipments to Germany declined 1.4% during 2012, even though it remained the third-largest export market.

Other significant export markets for Italian machine tool builders are Turkey, India, Poland, and Mexico.

To read more see Italian Machine Tool Sales Rose 3.5% in 2012 in American Machinist.

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