Analysis on Import and Export of CNC Cutting Machine Products in China

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Recently, at the China International Hi-tech Fair opened in Shenzhen, the import and export of CNC cutting machine products has accounted for 60% of China's total foreign trade volume and 70% of the increase, becoming the main carrier and an important component of China's foreign trade.
It is understood that China's CNC cutting machine product import market has expanded to 202 countries and regions. It is estimated that in the next five years, China’s import scale is expected to increase from US$1.3 trillion in 2012 to more than US$8 trillion, of which CNC cutter imports are expected to reach around US$4 trillion.
According to the figures, the import value of CNC cutting machine products in China has increased from US$5.65 billion in 1980 to US$660.3 billion in 2012, an increase of 116 times in 30 years. Imports of CNC cutting machine products accounted for 28.2% of the country’s total foreign trade imports. Increased to 47.3%. The expansion of the import volume of CNC cutting machines not only satisfies the needs of industrial production, but also improves the equipment level and R&D capabilities of various departments of the national economy, and promotes the adjustment and upgrading of industrial structures.
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