U.S. Fastener Activity Continues To Decline
FEATURE
U.S. fastener exports and imports fell again in August, marking five consecutive months of decline.
U.S. fastener exports of iron and steel fasteners (HTS Code: 7318) declined 2% to $313.9 million in August, according to Zepol data analyzed by GlobalFastenerNews.com.
The top five consumers of U.S. fastener exports in August were Mexico (down 2.7% month-to-month to $108.3 million); Canada (up 4.3% to $86.3 million); China (down 16.5% to $12.6 million); the UK (down 22.9% to $11.8 million); and Brazil ($9.5 million), according to Zepol.
Imports of iron and steel fasteners (HTS Code: 7318) to the U.S. also dropped in August, declining 1% to $419.8 million, according to data released by the U.S. Census Bureau.
The top five countries importing fasteners to the U.S. during August were Taiwan (up 2.4% month-to-month to $138.5 million); China (down 3.9% to $94.6 million); Japan (up 3.2% to $51.2 million); Germany (up 1.7% to $30.3 million); and Canada (down 3.3% to $23.3 million).
During the first eight months of 2015, U.S. fastener exports grew 2.4% to $1.94 billion while imports increased 16.2% to $2.8 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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