China Become the Largest Market of Italian Machine Tool

From January to September last year, statistics shows that the Italian milling machine tool export to China worths over 270 million euros, surpassing Germany to become the largest Italian machine tool export market, the U.S. ranked third. It is noteworthy that the Italian milling machine tool exports to traditional markets such as Germany, the United States and France are in the decline in sales, but India (up 83.8%), Russia (16.4%), Iran(312.5%) and Brazil (47.7%) and other emerging markets have significant growth.

According to preliminary statistics of Italian drilling milling machine,Universal milling machine tools, robots and automation systems Manufacturers Association, in 2010 the industry turnover is about 4.23 billion euros, with a growth of 3.3% over the same period in 2009.  The domestic sales of 2010 Italian manufacturers is 16.25 billion euros, an increase of 3.8% over the X5036 Vertical milling machine same period , and export is of 2.605 billion euros, an increase of only 3.1% over the same period in 2009.