In the first half of 2009, 26% of the total output of European machine tools was exported to China. Despite the economic crisis, European machine tool exports to China are still up 25% from the same period in 2008.
China is a major exporter of European machine tools.
Europe’s exports of machine tools to China are more than 10 times that of China’s exports to Europe. Therefore, the machine tool industry has become one of the few industries in Europe with a trade surplus with China. The success of European machine tool manufacturers in exporting to China is due to their advanced technical knowledge and innovative products. The European Machine Tool Manufacturers Association believes that Europe's leading position in machine tool technology can only be sustained by increasing investment in research and development.
China is a major exporter of European machine tools.
Europe’s exports of machine tools to China are more than 10 times that of China’s exports to Europe. Therefore, the machine tool industry has become one of the few industries in Europe with a trade surplus with China. The success of European machine tool manufacturers in exporting to China is due to their advanced technical knowledge and innovative products. The European Machine Tool Manufacturers Association believes that Europe's leading position in machine tool technology can only be sustained by increasing investment in research and development.
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