Based on the data of Chinese Customs, the import and export value of Chinese fasteners in April 2017 totals USA 0.657 billion, 1.8% less than that at the same period of last year (USD 0.669 billion). The quantity sums up to 274,200 tons, up 1.6% versus last year. The import value is USD 0.241 billion, down 2.8% versus last year, and the export value is USD 0.416 billion, down 1.2%. The trade surplus is USD 0.176 billion, up 2.3% versus last year. 

The top five trade partners of Chinese fastener import value in April are Japan, Germany, USA, S. Korea and Taiwan, Penghu, Kinmen and Matsu, of which the average price of fasteners imported from USA to China is the highest. The top five regions of Chinese fastener import value in April are Shanghai City, Jiangsu Province, Guangdong Province, Beijing City, Liaoning Province, of which the average price of fasteners imported to Guangdong Province is the highest, near 12,942 USD/ton.

The top five trade partners of Chinese fastener export value in April are USA, Russia, Japan, S. Korea and Vietnam, of which the average price of fasteners exported from China to Vietnam is the highest, near 2,043 USD/ton. The top five regions of Chinese fastener export value in April are Zhejiang Province, Jiangsu Province, Guangdong Province, Shanghai City and Shandong Province, of which the average price of fasteners exported from Guangdong Province is the highest, near 3,974 USD/ton.

It’s worth noting that, the “One Belt, One Road” policy is improving the development of Chinese fasteners with the countries mentioned and covered in the policy, of which the export value of China to Vietnam ranks the fifth of China’s export value in April for the first time, up 13.69% versus last year. The “One Belt, One Road” policy is an important direction for Chinese fastener companies. 

Source: Chinafastener.com