11/12/2013 7:43:00 AM
HEADLINES
U.S. Fastener Exports Gain Momentum
Graphics courtesy Zepol
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.
The top five countries importing fasteners to the U.S. in August were Taiwan (down 7.6% month-to-month to $115 million); China (down 5.2% to $89.5 million); Japan (down 3.5% to $57.6 million); Germany (up 3.3% to $25.2 million); and Canada (up 3% to $21.6 million).
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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