Exports of fasteners increased 5.58% in the first half

In the first half of 2014, the fastener export volume of Jiaxing, Zhejiang Province was US$470 million, an increase of 5.58% year-on-year, accounting for 4% of the total export volume of Jiaxing City, and fastener products were exported to 117 countries and regions.

According to reports, the fastener exports in the first half of the year have the following characteristics:

First, exports to major markets in Europe and the United States have risen rapidly, while exports to emerging markets have fallen sharply. In the first half of the year, Jiaxing exported 29.61 million U.S. dollars to EU fasteners, an increase of 16.2% year-on-year, accounting for 20.5% of the city's total fastener exports, and a U.S. export of 12,900 U.S. dollars, a year-on-year increase of 33.8%, accounting for the total fastener exports of the city. 27.5%. In the first half of the year, Jiaxing City exported US$45.87 million to Russia, a year-on-year decrease of 31.0%, accounting for 9.7% of the city’s total fastener exports, and Saudi exports of US$4.23 million, a year-on-year decrease of 72.0%, accounting for 0.9% of the city's total fastener exports.

Second, the number of large export companies has picked up. In the first half of the year, there were 21 companies with a total of more than US$5 million in fastener output in Jiaxing, an increase of 5 companies. Among them, 10 companies have exported more than 10 million U.S. dollars, an increase of 2 companies over the same period last year.

Third, exports are still dominated by general trade. In the first half of the year, the general trade of fasteners in Jiaxing City amounted to US$447 million, accounting for 94.9% of the total fastener exports of the city; the export value of processing trade was US$23.94 million, accounting for approximately 5.1%.

Fourth, the average unit price of fasteners exports declined. Since the beginning of this year, the prices of steel products with extremely high prices associated with fastener products have continued to weaken, and steel prices have continued to operate at a low level. In the first half of the year, the number of fasteners exported from Jiaxing was 365,000 tons, an increase of 9.9% year-on-year, and the average unit price was 1,292 US dollars per ton, down 2.7% year-on-year.