8/18/2014 12:13:00 AM
HEADLINES
2014 U.S. Fastener Export Rate Nears Import Gains

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Despite declines in June, U.S. fastener exports and imports achieved solid growth in the opening half of 2014.

Exports of iron and steel fasteners (HTS Code: 7318) from the U.S. increased 6.4% to $1.9 billion in the first six months of 2014, according to data released by the U.S. Census Bureau and analyzed by GlobalFastenerNews.com.  That increase included a 5.5% gain by U.S. fastener exports in the first quarter of 2014.

Imports of iron and steel fasteners (HTS Code: 7318) to the U.S. rose 6.9% in the first half of 2014, Zepol reports.  Imports were up 7.25% in the first quarter of 2014.

In 2013 U.S. fastener exports grew 9.1% to $3.6 billion, while fastener imports to the U.S. fell 2.2% to $4.49 billion.

This data was derived from Zepol’s trade intelligence tool, TradeView, using U.S. import and export trade data released by the U.S. Census Bureau in the Merchandise Trade dataset.

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