11/14/2013 12:45:00 AM
NEWS BRIEFS
China Fastener Exports Increase In Q3
China’s fastener export saw a slight increase of 0.67% year-on-year to US$3.59 billion in the first three quarters of 2013, turning the negative growth in the first half year of 2013 to positive growth in the subsequent quarter, Ningbo Dongtuo Metal Products Co. reports.
Fastener import to China decreased 0.5% to US$2.34 billion.
The report follows news that U.S. fastener exports rebounded in August, while imports declined, Zepol reports.
U.S. imports fell 4% to $386.4 million, while exports increased 8% to $319.1 million, boosted by growing demand from Mexico, Canada, China and the UK, according to data released by the U.S. Census Bureau.
The top five consumers of U.S. fastener exports in August were Mexico (up 5.1% month-to-month to $98 million); Canada (up 14.8% to $96.4 million); China (up 26% to $14.6 million); the UK (up 5% to $12.9 million); and Brazil (down 10% at $7.5 million). ©2013 GlobalFastenerNews.com
Related Stories:
• Report: U.S. Fastener Demand To Rise 4.3% Annually
• Report: China Revives Steel Fastener Trade Dispute with EU
Share: