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, the US fastener export volume increased by 20.5% year-on-year, and the import volume increased by nearly 35% year-on-year.
In March 2011, the US fastener exports to Canada and Mexico hit a record high this year, an increase of 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, China’s Taiwan region is still the largest importer of the United States, accounting for about 32% of total fastener imports in the United States.
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 of countries such as China and India, the demand for steel in the construction and manufacturing of these countries continues to rise, and the shortage of global resources leads to the increase in 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, an increase of 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, China’s Taiwan region is still the largest importer of the United States, accounting for about 32% of total fastener imports in the United States.
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 of countries such as China and India, the demand for steel in the construction and manufacturing of these countries continues to rise, and the shortage of global resources leads to the increase in 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.