The value of China’s import and export fasteners in H1 of 2017 totals 3.88 billion US dollars, up 6%

Based on the data of China Customs, the value of China’s import and export fasteners in the 1st half of 2017 sums up to 3.88 billion US dollars, up 6% versus the same period of 2016 while the quantity of the country’s import and export fasteners at the same period totals 1.59 million tons, up 8.4% versus the same period of 2016. The imports value is near 1.49 billion US dollars, up 8.7% and the export value is about 2.4 billion US dollars, up 4.4%. The trade surplus is approx 897 million US dollars, down 2% compared with that of last year.

Both value and quantity of import and export fasteners of China in H1 of 2017 go up significantly. The situation of China’s fastener foreign trade is heading for the better.

The import value of fasteners in each month in H1 of 2017 is higher than that of the same months in H1 of 2016. Except the export value of fasteners in February 2017 is lower than that of the same month of 2016, the value of the other five months are higher than the same month of 2016.

The top five trade partners (based on the export value of 2017) to which China exports fasteners are USA, Russia, Japan, Germany and South Korea. The value of fasteners exported from China to these five countries accounts for 39.8% of total export value of China in the first half of 2017. The average price of these fasteners to Japan is the highest, near USD 1906 per ton. 

The top five export regions (based on the export value of 2017) in China are Zhejiang Province, Jiangsu Province, Guangdong Province, Shanghai Province and Shandong Province, whose export value occupies near 87.6% of China’s export fasteners in H1 of 2017. The average price of fasteners exported from Guangdong Province is the highest, near 3,708 USD/ton. 

The top five trade partners (based on the import value of 2017) from which China imports fasteners are Japan, Germany USA, TPKM and South Korea. The value of fasteners imported from these five countries to China accounts for 74.7% of total import value of China in the first half of 2017. The average price of these fasteners from USA is the highest, near 12806 USD/ton. 

The top five import regions (based on the export value of 2017) in China are Shanghai City, Jiangsu Province, Guangdong Province, Beijing City, and Liaoning Province, whose import value occupies near 65.2% of China’s export fasteners in H1 of 2017. The average price of fasteners imported to Guangdong Province is the highest, near 12,806 USD/ton.