Global Fastener News

FEATURE

After healthy growth in March, U.S. fastener imports and exports fell in April.

U.S. fastener exports of iron and steel fasteners (HTS Code: 7318) dropped 4% to $330.25 million in April, according to Zepol data analyzed by GlobalFastenerNews.com.

The top five consumers of U.S. fastener exports in April were Mexico (down 3.1% month-to-month to $111.3 million); Canada (up 3.8% to $90.6 million);China (down 6.5% to $15.7 million); the UK (down 14.8% to $13.2 million); and Germany (down 9.6% to $9.4 million).

U.S. fastener imports of iron and steel fasteners (HTS Code: 7318) declined 5% in April to $493 million, Zepol reports.

The top five countries importing fasteners to the U.S. during April were Taiwan (down 11.8% month-to-month to $160.7 million); China (down 8.9% to $107.1 million); Japan (up 7.8% to $72 million); Germany (up 5.7% to $35.3 million); and Canada (down 5.9% to $27 million).

Both U.S. fastener exports and imports grew in March, with exports increasing 13% to $343.7 million and imports rising 54% to $516.4 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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