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Title General Machinery Trade Figures for First Half of 2010
Date 2010/07/29 Hits 713
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General Machinery Trade Figures for First Half of 2010

The Ministry of Knowledge Economy has released its year-on-year trade figures for the general machinery sector for the first six months of the year. The trade balance for the general machinery sector recorded $3.4 billion; this represents 18.9 percent of the total national trade balance ($17.9 billion). Exports for the general machinery sector climbed 39.2 percent to $17 billion. Construction machinery and bearings turned in an impressive performance, surging 92.9 percent and 63.8 percent, respectively, from a year earlier. Outbound shipments to China, the United States, ASEAN and Japan rose 58.7 percent, 23.8 percent, 37.3 percent and 14.3 percent, respectively. Meanwhile, imports went up 25.1 percent to $13.7 billion on the strength of the economic recovery.

* For more details, please see the attached file.
* Released by the Machinery, Aerospace and Defense Industries Division
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