FEATURE

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U.S. fastener exports and imports fell again in August, marking five consecutive months of decline.

U.S. fastener exports of iron and steel fasteners (HTS Code: 7318) declined 2% to $313.9 million in August, according to Zepol data analyzed by GlobalFastenerNews.com.

The top five consumers of U.S. fastener exports in August were Mexico (down 2.7% month-to-month to $108.3 million); Canada (up 4.3% to $86.3 million); China (down 16.5% to $12.6 million); the UK (down 22.9% to $11.8 million); and Brazil ($9.5 million), according to Zepol.

Imports of iron and steel fasteners (HTS Code: 7318) to the U.S. also dropped in August, declining 1% to $419.8 million, according to data released by the U.S. Census Bureau.

The top five countries importing fasteners to the U.S. during August were Taiwan (up 2.4% month-to-month to $138.5 million); China (down 3.9% to $94.6 million); Japan (up 3.2% to $51.2 million); Germany (up 1.7% to $30.3 million); and Canada (down 3.3% to $23.3 million).

During the first eight months of 2015, U.S. fastener exports grew 2.4% to $1.94 billion while imports increased 16.2% to $2.8 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.