U.S. Fastener Activity Drops Double Digits
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Both U.S. fastener exports and imports saw double-digit declines in November.
After two straight months of gains, U.S. exports of iron and steel fasteners (HTS Code: 7318) dropped 10% to $313.9 million in November, according to data released by the U.S. Census Bureau and analyzed by GlobalFastenerNews.com.
The top five consumers of U.S. fastener exports in November were Mexico (down 4.3% month-to-month to $113.9 million); Canada (down 12.9% to $85.1 million); the UK (down 15.5% to $13.6 million); China (down 11% to $12.1 million); and Germany (down 4.2% to $9.1 million), Zepol reports.
After rising in October, imports of iron and steel fasteners (HTS Code: 7318) to the U.S. fell 13% to $376.7 million in November.
The top five countries importing fasteners to the U.S. during November were Taiwan (down 12.5% month-to-month to $113.1 million); China (down 16.3% to $85.8 million); Japan (down 10% to $50 million); Germany (down 12.6% to $28.4 million); and Canada (down 17.3% to $21.9 million), according to Zepol.
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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