10/23/2012 2:13:00 PM
HEADLINES
U.S. Fastener Imports Pick Up Speed
Chart courtesy Zepol
Chart courtesy Zepol
Following a month of decline, U.S. fastener imports increased 7% month-over-month to $418.9 million in July 2012, Zepol reports. In June fastener imports to the U.S. fell 5% to $392.4 million.
Meanwhile U.S. fastener exports for July declined 8% to $265.9 million, according to Zepol. That result follows numbers showing U.S. fastener exports dropped 1% to $289.5 million in June.
The top five countries importing fasteners to the U.S. during July were Taiwan ($126.2 million), China ($96.8 million), Japan ($73.7 million), Germany ($21.4 million) and Canada ($19 million).
Mexico overtook Canada as the top consumer of U.S. fastener exports in July with $81.7 million in fastener products. Rounding out the top five countries receiving U.S. fastener exports during July were Canada ($81.1 million), UK ($12.1 million), China ($8.5 million) and France (7.3 million). ©2012 GlobalFastenerNews.com
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.
HTS Code: 7318 – Screws, Bolts, Nuts, Coach Screws, Screw Hooks, Rivets, Cotters, Cotter Pins, Washers And Similar Articles, Of Iron Or Steel
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