With the improvement of China's equipment manufacturing technology, industrial products such as machine tools have greatly improved in terms of quality and technology integration. In addition to actively exploring the domestic market, machine tool companies have also given high attention to the international market and actively expanded their international business. Cui Peiqiang of Shenyang Group said that due to the current overcapacity caused by the shrinking of the domestic machine tool industry, this year, targeting foreign markets, the goal is to continue to maintain the first position of machine tool exports in Southeast Asia, and will increase the export of machine tools in the region. New offshore markets, such as Russia and South America. Cui Peiqiang said that in the past, China's exports of machine tools to Southeast Asia were mainly based on low-end machine tools. With the continuous development of the economy in Southeast Asia in recent years, the demand for machine tools has gradually turned to the mid-end. Currently, low-end and medium-end machine tools are selling well in Southeast Asia. . "In response to the demand for different machine tools in different countries, the Group has continuously adjusted its product structure." Cui Peiqiang said that in the Southeast Asian countries that earn foreign exchange through exports, Thailand attaches great importance to the development of the automobile industry and has a large demand for lathes. Malaysia attaches importance to the development of the electronics industry to medium and high-end CNC. The demand for machine tools is large; while the Indonesian textile industry is developed, there is a large demand for ordinary small machine tools. The country with the largest foreign exchange earning in exports last year was Myanmar. This year’s export of the cloud machine is also the first in Myanmar. Cui Peiqiang said that last year, machine tool exports earned 20 million US dollars, accounting for nearly half of Shenyang Group's machine tool exports. This year, it is expected that foreign exchange earning will reach between US$25 million and US$30 million. In the next three years, foreign exchange earning will reach US$50 million.
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