China has become the largest export market of Italian machine tools


According to the data from the Italian Association of Machine Tool and Automation Manufacturers (UCIMU), in 2010, China surpassed Germany to become the largest export target country of the Italian machine tool industry, with an export share of 14.2%.

In 2010, driven by the rapid growth of demand in emerging countries such as China, the operation of the Italian machine tool industry improved significantly, with the output value reaching 4.23 billion euros, up 3.3% year on year; Domestic sales reached 1.625 billion euros, up 3.8% year on year; The export volume was 2.605 billion euros, up only 3.1% year on year.

In the first quarter of 2011, the industry continued to recover, with orders increasing by 19.1%.