Announced by China Wenzhou Fastener Association(CWFA), the export volume of fasteners in Wenzhou from Jan. to July. was 7167.7 tons, showing an increase of 15.45% year on year. And the total value of gross output of fasteners in Wenzhou is expected to be RMB18.5 billion.

Wenzhou, the prefecture-level city of Zhejiang, has 2000 years of construction history. It is well noted for excellent businessmen home and abroad.

According to customs statistics in Wenzhou, the export value of fasteners from Jan. to July was USD15.25 million, 12.88% up year on year. The main growth came from the increasing trade volumes between Brazil, Russia, Uzbekistan etc. The unit price of exported fasteners climbed USD43 to USD2128 per ton in the first half of 2014.

The chairman of CWFA, Mr. Wu Jinyao said that though the unit price of fasteners was about  USD200 higher than the average unit price in mainland China, it was USD485 less than that of Taiwan. Comparing to the import price of fasteners, which is USD10,985 per ton, it still has a long way to go. Fastener companies in Wenzhou should speed up the pace of transformation and upgrading and make more quality goods.