U.S. Fastener Exports Follow Import Trend
FEATURE
Courtesy ZEPOL
Following a brief rebound in August, U.S. fastener exports fell in September, while imports continued to decline for the second month in a row, Zepol reports.
U.S. exports of iron and steel fasteners (HTS Code: 7318) dropped 6% to $298.9 million, despite increased demand from China and Brazil.
Fastener imports to the U.S. decreased 3% to $373.4 million in September, according to data released by the U.S. Census Bureau.
The top five consumers of U.S. fastener exports in September were Canada (down 5.9% month-to-month to $90.7 million); Mexico (down 8% to $90.2 million); Canada (up 14.8% to $96.4 million); China (up 6% to $15.5 million); the UK (down 8.5% to $11.8 million); and Brazil (up 17% to $8.8 million).
The top five countries importing fasteners to the U.S. during September were Taiwan (up 2.6% month-to-month to $118.1 million); China (down 8.3% to $82 million); Japan (down 17.6% to $47.5 million); Germany (down 8.2% to $23.1 million); and Canada (down 0.6% to $21.5 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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