Compared to the same period of last year, the total import and export value of Jiaxing’s fasteners declined slightly by 3.24% to US$ 489 million in the first half of 2012, of which, the export value dropped by 3.38% to US$ 475 million while the import value increased by 6.11% to US$ 13 million. The fastener export took up 5.1% of Jiaxing’s total export value, down 0.4% year-on-year.

The export quantity of Jiaxing’s fasteners in the first half of 2012 came to 337,946 tons, down 5.29% year-on-year. And average export price increased to US$ 1,406 per ton (first half of 2011: US$ 1,382.20 per ton).

EU, America and Russia are the main buyers of Jiaxing’s fasteners in first half of 2012, to whom Jiaxing exported US$ 263 million fasteners and which took up 55.34% of the total export value. The fasteners exported to America saw a sharp growth of 23.92% year on year to US$ 118 million while the fasteners exported to the European Union fell by 19.19% to US$ 90 million and the fasteners exported to Russia slid by 18.16% to US$ 60 million. The export to these three countries respectively took up 24.75%, 18.87% and 11.71% of the total export value.

There were eleven enterprises whose export value was above US $ 10 million in first half of 2012, of which, six enterprises’ export value showed varied drop and the largest drop reached 40.11%.