In April 2011, the US fastener import and export volume maintained a growth trend compared with the same period of last year. From January to April 2011, the US fastener export volume increased by 20.5% year-on-year, and the import volume increased by nearly 35% year-on-year.
Following the major earthquake and tsunami in March, the amount of fasteners imported by the United States from Japan fell sharply in April, a year-on-year drop of 12%. However, from January to April, the total number of US fasteners imported from Japan increased by nearly 11% compared with the same period of last year. Japan is still the third largest importer of fasteners in the United States.
On the whole, the development of the US fastener industry in 2011 was more optimistic than in 2010, but it will continue to face many challenges in the future.
The growth of US import and export volume is mainly affected by several major factors. One of the important factors is the price of steel. With the rapid economic development in countries such as China and India, the demand for steel in the construction and manufacturing of these countries has continued to rise, and the strain on global resources has led to rising prices. At the same time, with the increase in the price of raw materials used in the fastener industry, fastener manufacturers are forced to increase the price of fasteners. In the future, if steel prices continue to rise, the price of fasteners will continue to rise.
In March 2011, the US fastener exports to Canada and Mexico hit a record high this year, up 16% and 21% respectively year-on-year. Canada and Mexico are the two largest exporters of fasteners in the United States, accounting for about 60% of total exports. In terms of imports, Taiwan is still the largest importer of the United States, accounting for about 32% of total US fastener imports.
April 2011 US Imports and Exports of Steel or Iron Fasteners Product Exports (US$) Compared to April 2010 Imports (US$) Compared to April 2010 7308.11 Square Head Screws 1,484,909 29.80% 1,841,452 59.26% 7318.12 Wood screws (except lag screws) 808,915 88.18% 2,080,378 –4.34% 7318.13 Hook and ring head screws 2,997,204 –20.63% 1,078,511 –8.06% 7318.14 Self-tapping screws 5,358,536 6.22% 45,643,112 9.13% 7318.15 Screws and bolts (with Or without nuts or washers) 118,703,220 16.18% 156,406,129 33.62% 7318.16 Nuts 45,176,004 13.62% 71,761,535 43.79% 7318.19 Other thread products 15,910,741 21.27% 7,233,236 45.98% 7318.21 Spring washers and other lock washers 2,791,286 24.30% 3,850,785 43.62% 7318.22 Washers Washers excluded) 15,279,247 37.06% 17,832,679 43.11% 7318.23 Rivets 7,658,406 3.74% 4,352,844 27.03% 7318.24 Pins and tailing pins 8,222,424 24.91% 3,645,288 15.75% 7318.29 Non-threaded products (fasteners) 31,612,567 37.88% 22,784,473 28.98% Total 256,003,459 18.67% 338,510,422 31.40 %
Following the major earthquake and tsunami in March, the amount of fasteners imported by the United States from Japan fell sharply in April, a year-on-year drop of 12%. However, from January to April, the total number of US fasteners imported from Japan increased by nearly 11% compared with the same period of last year. Japan is still the third largest importer of fasteners in the United States.
On the whole, the development of the US fastener industry in 2011 was more optimistic than in 2010, but it will continue to face many challenges in the future.
The growth of US import and export volume is mainly affected by several major factors. One of the important factors is the price of steel. With the rapid economic development in countries such as China and India, the demand for steel in the construction and manufacturing of these countries has continued to rise, and the strain on global resources has led to rising prices. At the same time, with the increase in the price of raw materials used in the fastener industry, fastener manufacturers are forced to increase the price of fasteners. In the future, if steel prices continue to rise, the price of fasteners will continue to rise.
In March 2011, the US fastener exports to Canada and Mexico hit a record high this year, up 16% and 21% respectively year-on-year. Canada and Mexico are the two largest exporters of fasteners in the United States, accounting for about 60% of total exports. In terms of imports, Taiwan is still the largest importer of the United States, accounting for about 32% of total US fastener imports.
April 2011 US Imports and Exports of Steel or Iron Fasteners Product Exports (US$) Compared to April 2010 Imports (US$) Compared to April 2010 7308.11 Square Head Screws 1,484,909 29.80% 1,841,452 59.26% 7318.12 Wood screws (except lag screws) 808,915 88.18% 2,080,378 –4.34% 7318.13 Hook and ring head screws 2,997,204 –20.63% 1,078,511 –8.06% 7318.14 Self-tapping screws 5,358,536 6.22% 45,643,112 9.13% 7318.15 Screws and bolts (with Or without nuts or washers) 118,703,220 16.18% 156,406,129 33.62% 7318.16 Nuts 45,176,004 13.62% 71,761,535 43.79% 7318.19 Other thread products 15,910,741 21.27% 7,233,236 45.98% 7318.21 Spring washers and other lock washers 2,791,286 24.30% 3,850,785 43.62% 7318.22 Washers Washers excluded) 15,279,247 37.06% 17,832,679 43.11% 7318.23 Rivets 7,658,406 3.74% 4,352,844 27.03% 7318.24 Pins and tailing pins 8,222,424 24.91% 3,645,288 15.75% 7318.29 Non-threaded products (fasteners) 31,612,567 37.88% 22,784,473 28.98% Total 256,003,459 18.67% 338,510,422 31.40 %
Custom Printer Outshell,3d printer shell.Rapid Prototype,Cnc Machining
Custom Printer Outshell,3d printer shell.Rapid Prototype,cnc machining
Ningbo Rongna Technology Co.,Ltd , https://www.machiningcustom.com