Following two straight months of decline, U.S. fastener exports and imports saw double-digits gains in January.
Fastener imports of the U.S. grew 14% to $392,506,899 in January after an 11% drop the previous month. Exports of U.S. fasteners also jumped 16% to $282,250,117 in the same month, bolstered by strengthening demand in Canada and Mexico. That gain followed December's 13% decline in exports.
Screws, Bolts, Nuts, Coach Screws, Screw Hooks, Rivets, Cotters, Cotter Pins, Washers And Similar Articles, Of Iron Or Steel HTS Code: 7318
The top five exporters of fasteners to the U.S. in January were China Taiwan (up 19% to $128.64 million); China Mainland (up 9.5% to $84.68 million); Japan (up 3% to $57.58 million); Germany (up 36.3% to $23.82 million); and Canada ($21.09 million).
The top five consumers of U.S. fastener exports in January were Canada (up 23% month-to-month to $87.53million); Mexico (up 32% to $86.83million); the UK (up 14.3% to $14.33 million); China Mainland (up 5.3% to $9.98 million); and France($8.18 million).
Data source: Zepol