Zepol Corporation 0000-00-00 00:00:00
Export and import values for the U.S. fastener trade started 2012 on a positive note. January figures from the U.S. Census Bureau show export values rising 6.5 percent from last December and 14.5 percent from January of last year. On the import side, nearly $400 million worth of fasteners were imported to the U.S. in January, compared to about $340 million in January of last year. Exports of threaded nuts had one of the largest increases (25 percent) from last January. For imports, cotters and cotter pins increased more than 40 percent in January.. Canada and Mexico remain the top two countries of destination for U.S. fastener exports, re - spectively. China emerged as the fourth largest country of destination in 2011, up from the seventh spot in 2007. Japan, on the other hand, slipped to the ninth spot in 2011 after holding the fourth spot in 2007. The top countries of origin for U.S. imports of fasteners are Taiwan and China, respectively. Imports from Germany, the third largest supplier to the U.S. in 2011, grew more than 85 percent compared to 2010, largely due to increased imports of threaded screws and bolts. As mentioned above, imports of cotters and cotter pins posted a large increase in January.The price per kilogram of the imports rose in the fall of last year but has since declined (as seen in the graph). The majority of cotters and cotter pins are sourced from Japan, followed by Germany and China. All in all, the fastener trade activity for the U.S. has seen tremendous growth within the last year, and projections point to continued growth in the coming months.
Published by American Fastener Journal. View All Articles.
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