Exports of fasteners from Taiwan to global customers totalled 1,498,070 tonnes, valued at US$4.09 billion according to statistics published by the Taiwan Bureau of Foreign Trade, reports Fastener World Magazine.
Taiwanese export tonnage increased 4.3% in 2017 (year-on-year), with the value increasing 13.3%. 38% of Taiwan’s export volume went to the USA. The largest European recipients were Germany (10.1%), the Netherlands (6%) and the United Kingdom (4.2%).
Taiwanese imports of fasteners fell 9% by volume but rose 0.8% by value. More than 35% of imports by volume came from Japan, with 20.5% coming from the USA and 14.3% from Germany.
Below are details of the top twenty Taiwan fastener export destinations. The analysis is based on the four digit HS Code 7318, which covers all fasteners (screws, bolts, nuts, rivets, pins, washers) in both carbon and stainless steel.
