12/10/2013 11:33:00 AM
NEWS BRIEFS
U.S. Fastener Exports Rebound in October
Courtesy ZEPOL
U.S. fastener exports rebounded in October, climbing double-digits after slipping 6% in September, Zepol reports.
U.S. exports of iron and steel fasteners (HTS Code: 7318) increased 10% to $328.1 million, driven by strengthening demand from Mexico, Canada and parts of Europe.
The top five consumers of U.S. fastener exports in October were Mexico (up 14.8% month-to-month to $103.6 million); Canada (up 6.5% to $96.7 million); the UK (up 12.8% to $13.4 million); China (down 14.8% to $13.4 million); and France at $9.3 million.
Fastener imports to the U.S. grew 5% to $391.9 million in October, boosted by a 31% jump in imports from Japan, according to data released by the U.S. Census Bureau.
The top five countries importing fasteners to the U.S. during October were Taiwan (up 0.4% month-to-month to $118.6 million); China (up 3.8% to $85.2 million); Japan (up 31% to $62.2 million); Germany (up 12.8% to $26.1 million); and South Korea at $19.4 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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