UK Metalworking Machine Tools Industry Reports Trade Growth

Exports of metal working machine tools from the UK in the first quarter of this year has reached £113.7 million, 22.8% higher than the same period last year. The country's imports of metal working machine tools were worth £105.4 million in the first quarter. There is a trade surplus of £8.4 million. Analysis by product type shows that while the usual categories of CNC grinding machines (+£4.7 million) and machining centres (+£4.7 million) were important, the two largest contributors to the trade surplus in this quarter were non-CNC Lathes (+£6.2 million) and non-CNC Drilling Machines (+£5.2 million).