U.S. Fastener Exports & Imports Grow in January
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U.S. Fastener Exports & Imports Grow in January
Both U.S. fastener exports and imports increased in January, with imports growing at double the rate of exports.
U.S. fastener exports of iron and steel fasteners (HTS Code: 7318) grew 6% to $310.8 million in January, Zepol reports.
The top five consumers of U.S. fastener exports in January were Mexico (up 15% month-to-month to $106.4 million); Canada (up 7.9% to $84.9 million); the UK (up 9.7% to $13.6 million); China (down 6.9% to $12.2 million); and Germany (up 2.9% to $10.8 million), according to Zepol data analyzed by FIN.
For the second consecutive month U.S. fastener imports rose in January, gaining 13% to $452.9 million.
The top five countries importing fasteners to the U.S. during January were Taiwan (up 2.2% to $131.1 million); China (up 6.6% to $109.1 million); Japan (up 7.4% to $53.6 million); South Korea at $41.9 million; and Germany (up 12.2% to $27.4 million).
In 2014 U.S. fastener exports rose 6.7% to $3.84 billion, while fastener imports grew 8.7% to $4.88 billion.
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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