1/5/2015 1:19:00 AM
HEADLINES
U.S. Fastener Activity Strengthens in October
U.S. fastener exports and imports both increased in October.
For the second straight month, U.S. exports of iron and steel fasteners (HTS Code: 7318) grew in October, with exports increasing 8% to $349.9 million, according to data released by the U.S. Census Bureau and analyzed by GlobalFastenerNews.com.
The top five consumers of U.S. fastener exports in October were Mexico (up 7.9% month-to-month to $119.1 million); Canada (up 4.1% to $97.7 million); the UK (up 15.8% to $16.1 million); China (up 28% to $13.6 million); and Germany at $9.6 million, Zepol reports.
After dropping in September, imports of iron and steel fasteners (HTS Code: 7318) to the U.S. increased in October, rising 3% to $432.6 million on a double-digit increase in demand from Japan and Canada.
The top five countries importing fasteners to the U.S. during October were Taiwan (down 1% month-to-month to $129.2 million); China (down 1.2% to $102.5 million); Japan (up 16% to $55.7 million); Germany (down 6.9% to $32.5 million);and Canada (up 11.8% to $26.5 million), according to Zepol.
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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