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U.S. Fastener Industry Growth Slip
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2014-05-28
U.S. fastener exports and imports fell in February after double-digit gains in January. U.S. fastener exports of iron and steel fasteners (HTS Code: 7318) declined 1% to $299.2 million in February despite strong growth in the UK and China.
The top five consumers of U.S. fastener exports in February were Mexico (down 5.2% month-to-month to $93.6 million); Canada (up 2.4% to $89.2 million); the UK (up 10.5% to $15.7 million); China (up 11.3% to $11.8 million); and Germany (down 11.4% to $9.3 million).
Imports of iron and steel fasteners (HTS Code: 7318) to the U.S. also dropped in February, declining 10% to $360.2 million despite value gains from Japan and Canada, according to data released by the U.S. Census Bureau.
The top five countries importing fasteners to the U.S. during February were Taiwan (down 22% month-to-month to $108.8 million); China (down 17.2% to $79.8 million); Japan (up 12.8% to $55.6 million); Canada (up 33.5% to $25.1 million); and Germany (down 10% to $23.1 million).
In 2013 U.S. fastener exports grew 9.1% to $3.6 billion, while fastener imports fell 2.2% to $4.49 billion.
The top five consumers of U.S. fastener exports in February were Mexico (down 5.2% month-to-month to $93.6 million); Canada (up 2.4% to $89.2 million); the UK (up 10.5% to $15.7 million); China (up 11.3% to $11.8 million); and Germany (down 11.4% to $9.3 million).
Imports of iron and steel fasteners (HTS Code: 7318) to the U.S. also dropped in February, declining 10% to $360.2 million despite value gains from Japan and Canada, according to data released by the U.S. Census Bureau.
The top five countries importing fasteners to the U.S. during February were Taiwan (down 22% month-to-month to $108.8 million); China (down 17.2% to $79.8 million); Japan (up 12.8% to $55.6 million); Canada (up 33.5% to $25.1 million); and Germany (down 10% to $23.1 million).
In 2013 U.S. fastener exports grew 9.1% to $3.6 billion, while fastener imports fell 2.2% to $4.49 billion.
