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Article: S. Korea's machine tool exports rank 6th worldwide in 2005: report.
- Article from:
- YON - Yonhap News Agency of Korea
- Article date:
- April 5, 2006
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SEOUL, April 5 (Yonhap) -- South Korea's exports of machine tools ranked sixth in the global market last year, a US industry report showed Wednesday.
The country's overseas shipments of machine tools amounted to US$1.16 billion in 2005, according to the report from manufacturing publication Gardner Publication Inc. The global machine tool exports for last year stood at $28.7 billion, it said. Japan ranked first with $6.46 billion, trailed by Germany and Italy with $6.2 billion and $2.8 billion, respectively. Last year, South Korea had the seventh-largest machine tool production, worth $2.8 billion, and fourth and fifth largest imports and consumption, ...