11/26/2012 2:26:00 PM
NEWS BRIEFS
Island Dispute Dampens Japan Fastener Exports
Japan’s steel or iron fastener exports to China in September fell 11.5%, “which should be attributed to the China-Japan Diaoyu Island dispute,” ChinaFastener.Infor eports.
The dispute dampened Japan’s overall fastener exports, which declined 0.7% in September to 23.93 billion Yen, despite gains in the U.S., Thailand and Indonesia. The drop is the first monthly fastener export decline for Japan since February, according to ChinaFastener.Info.
During September the value of steel or iron bolt exports increased 0.5% to 10.69 billion Yen (44.7% of total exports) while the volume dropped 2.2% to 17,822 tons. Both the value and volume of nut exports edged up, with value gaining 0.4% to 5.35 billion Yen and volume growing 0.3% to 7,056 tons — 22.3% of overall exports.
Fastener imports in September rose 8% to 5.79 billion Yen — the first gain since June.
Japan’s fastener exports in the first half of 2012 achieved mixed results.
Exports of Japanese fasteners to China declined 19.1% to 30.78 billion yen, causing China’s overall share of Japanese fasteners to drop 9.5% to 22.7%, keeping China as Japan’s largest fastener trade partner, according to ChinaFastener.Info.
Six-month exports to the U.S. soared 39.4% to 30.63 billion yen, accounting for 22.5% of Japan’s total exports, up 4.1%.
Japan’s fastener exports to Thailand increased 2.5% to 19.77 billion yen, taking up 14.6% of Japan’s fastener exports, a 1.5% increase.
Exports to Indonesia surged 35.8% to 10.47 billion yen, accounting for 7.7% of the total amount, up 1.3%. ©2012 GlobalFastenerNews.com
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• The Changing Face of Taiwan’s Fastener Industry
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