An Overview of India’s Fastener Import and Export

According to the statistics from Indian Department of Commerce, India’s import value from 2009 to 2010 of fastener （HS code：7318）is USD288.37 billion, while the fastener import value in India from 2010 to 2011 is USD369.76 billion, up 28.23﹪compared with the previous period. Among the fastener import items from 2010 to 2011, other wood screws（threaded）show the greatest growth（+211.75﹪）, and the others are screw hooks& screw rings（threaded）（+139.66﹪）and cotter pins（non-threaded）（+83.34﹪）.

India’s export value from 2009 to 2010 of fastener （HS code：7318）is USD178.75 billion, while India’s fastener export value from 2010~2011 is USD251.13 billion, up 40.49﹪compared with the previous period. Among the fastener export items from 2010~2011, circlips show the greatest growth（+248.92﹪）, and the others are screw hooks& screw rings（threaded）（+132.91﹪）and spring washers & other lock washers （non-threaded）（+132.64﹪）.