Industry Focus

Fastener Trade Statistics ofUSA/Canada/Japan/Taiwan(in million USD), in descending order according to figures of 2022
HS 7318 Iron and steel screws, bolts, nuts, washers, etc.
ImportExport

Rank

Partner

0WorldJan-June
2020
2,379

Jan-June
2021
2,859

Jan-June
2022
3,817

1Taiwan

859

1,073

1,513

Mexico

2

China

410

464

793

CanadaJan-June
2020
1,766

PartnerWorld

Jan-June
2021
2,036

Jan-June
2022
2,357

538

728

861

446

544

613

3Japan

261

324

299

China

89115

118

4

Canada

126

165

189

UK

7556

62

5Germany173182177

Brazil46

46

60

6S. Korea

87

113

137

Germany

54

43

56

7India

4978

121

Japan

47

34

47

8

Italy

66

8691

Singapore

434245

9Thailand

41

41

81

Australia

33

3441

10

Mexico55

67

78

France40

26

38

Source: U.S. ITA of Department of Commerce(in USD), in descending order according to figures of 2022
HS 7318 Screws, bolts, nuts, screw hooks, rivets, washers, cotter pins and like articles of iron or steel
ImportRank

252

ExportPartner

Jan-June 2021

Jan-June 2022

Partner

Jan-June 2021

0World807,974,421

1United States

368,609,351

2

TaiwanJan-June 2022

940,084,025

World

266,879,938

300,059,160

420,064,569

United States

217,284,405

247,016,643

131,729,456

161,683,481

Mexico12,046,816

12,189,299

3

China

122,262,731

151,745,126

China

5,564,856

5,741,320

4

Japan

35,708,746

33,523,471

Germany

5,416,477

5,363,480

5

Germany

19,326,095

22,141,444

U. K.

3,668,794

3,010,133

6

Italy

15,110,604

21,033,512

France2,600,455

2,715,203

7

Vietnam

19,271,417

18,962,485

Denmark

1,662,328

2,165,219

8

S. Korea12,030,749

14,113,886

Singapore

982,850

1,573,941

9

India

8,847,820

12,166,969

Poland1,236,012

1,540,210

10

France8,254,945

10,491,777

Brazil

1,394,347

1,539,455

Fastener World no.196/2022

Source: Canada.ca

Industry Focus
U.S.A.
Both the U.S. global fastener import and export values had a steady growth in the first half years of 2020 to 2022. Taiwan, China and Japanare the top three sources of import for the U.S., and it indicates Asia as the primary source of fastener import for the U.S., while some of theremainders are taken up by Canada, Germany, etc. Compared to China, the value of fasteners coming from Taiwan is higher by one fold.
For the U.S. fasteners, the top export destinations are Mexico and Canada (mostly in the Americas) with an export value way larger thanwith China, UK and other countries.

CanadaIn the first half years from 2021 to 2022, Canada grew 16% in global fastener import value and 12% in global fastener export value. The U.S.
remains the top fastener trading partner with Canada in both import and export. Other primary import sources are Taiwan and China fromAsia. Aside from the U.S., the second largest import source is Mexico but it is miles away from the share taken by the U.S.

JapanComparing the past two years, there wasn’t an obvious growth in Japan’s global fastener import value until the first half of this year witha 37% increase. The global export value is the opposite with a stark 35% growth in first half of last year and merely 1.8% growth in the same
period this year. The primary import sources are in Asia including China, Taiwan, South Korea and Southeast Asia. China is Japan’s topfastener trading partner in both import and export.

in descending order according to volumes of 2022
Import (Japan P.C. Code 61703 Nails, bolts, nuts, etc.)
Metric Tons

1,000 Yens

RankPartner

0World163,645

154,154

169,701

53,310,035

52,789,275

72,421,066

1

China

108,152

100,872

110,732

20,956,139

21,586,530

31,162,326

2Taiwan35,75332,582

37,176

13,360,361

13,142,184

19,602,806

3

S. Korea

6,811

7,466

7,600

2,489,069

2,718,095

3,376,377

Jan-June 2020 Jan-June 2021 Jan-June 2022 Jan-June 2020 Jan-June 2021 Jan-June 2022

4

Vietnam

5,981

6,910

7,299

1,666,286

1,941,797

2,402,255

5

Thailand

2,532

2,055

2,414

1,573,135

1,577,427

2,058,795

6

Malaysia

1,222

933

953

508,682

440,081620,478

7

Germany

531

572

608

1,224,461

1,368,348

1,869,025

8

USA

505

638

588

8,062,909

6,103,364

6,869,156

9

Australia

454

324

263

282,367

257,529

293,538

10

Indonesia

280

310

256

234,477

306,563

289,897

Export (Japan P.C. Code 61509 Nails, bolts, nuts, etc.)

254

Metric Tons

1,000 YensRank

Partner0World

127,535

174,893

162,066

119,193,201

160,622,101

163,578,326

1

China

35,801

46,91940,44032,422,616

41,915,175

39,505,511

2

USA

30,19642,18035,741

28,119,590

38,788,628

37,324,425

3Thailand

14,61322,38522,507

13,611,301

19,957,316

20,968,878

4Indonesia

8,118

9,910

13,113

6,847,023

8,190,267

11,440,664

Jan-June 2020 Jan-June 2021 Jan-June 2022 Jan-June 2020 Jan-June 2021 Jan-June 2022

5

India

4,013

6,659

6,556

3,655,608

6,174,131

6,364,599

6

Mexico

5,670

7,2165,685

4,982,492

6,362,428

5,653,143

7

Brazil

2,966

4,654

5,427

2,360,073

3,575,288

4,855,239

8

Malaysia

1,640

2,978

2,788

1,636,795

2,789,463

2,690,290

9

UK

2,687

3,286

2,645

2,053,581

2,516,859

2,113,082

10

Taiwan

2,167

2,531

2,452

2,273,844

2,625,011

2,733,587

Source: Ministry of Finance, Japan
Fastener World no.196/2022

Industry Focus
in descending order according to figures of 2022
HS 7318 Screws, bolts, nuts, coach screws, screw hooks, rivets, cotters, cotter-pins, washers(including spring washers) and similar articles, of iron or steel
Jan-June
2021 (kg)ImportJan-June
2022 (kg)

Rank

Partner

Jan-June
2020 (kg)0

Global8,187,871

10,254,275

1Japan3,080,642

2

China

3

Partner

Jan-June
2020 (USD)

Jan-June
2021 (USD)

Jan-June
2022 (USD)

10,418,542

Global

75,892,865

98,298,847

108,226,355

3,282,224

3,466,338

Japan

29,813,555

39,849,863

36,177,839

1,657,799

2,435,662

2,635,805

USA

12,161,198

15,186,817

21,424,773

Vietnam

1,083,556

1,578,4191,517,830

China

7,804,860

9,843,967

12,563,243

4

Philippines

151,275

933,311753,501

Germany

4,365,108

6,752,685

7,266,443

5

USA

187,933

178,274

288,110

S. Korea

2,922,055

3,243,981

5,541,891

6

Germany

156,909

251,061

283,149

Vietnam

1,908,984

2,848,201

3,009,690

7

Taiwan703,820

276,732

255,934

Netherlands

1,890,239

2,551,772

2,694,695

8

S. Korea

271,149

254,580

246,885

Philippines

569,380

2,421,272

2,570,308

9

Thailand

124,580

254,944

205,494

Taiwan4,078,101

2,100,572

2,440,533

10

Sweden69,95992,082

119,451

Switzerland

1,257,594

1,293,593

2,110,473

HS 7318 Screws, bolts, nuts, coach screws, screw hooks, rivets, cotters, cotter-pins, washers(including spring washers) and similar articles, of iron or steel
Export
Rank

Partner

Jan-June
2020 (kg)Jan-June
2021 (kg)Jan-June
2022 (kg)Partner

Jan-June
2020 (USD)

0

Global658,879,841

787,413,826

845,091,184

Global

1,898,882,436 2,447,164,502 3,183,209,705

1USA

291,603,356

348,813,969

378,939,349

USA

801,695,136 1,042,499,250 1,427,203,915

2Germany

55,604,757

62,793,352

74,582,297

Germany

3

Netherlands

31,630,390

42,198,275

4

Japan

34,269,835

5

Canada6

Jan-June
2021 (USD)

Jan-June
2022 (USD)

160,167,826

195,427,677

260,847,004

47,933,998 Netherlands

91,357,586

126,574,045

169,348,088

32,107,521

35,794,631

Japan

112,401,390

112,373,667

149,510,874

20,384,194

29,656,296

30,176,213

UK

65,932,233

93,951,544

109,955,298

UK

20,102,973

28,881,528

27,369,360

Canada58,226,726

87,126,730

107,050,4417

Italy

13,911,817

16,796,226

23,008,929

China

58,054,847

90,303,341

88,074,895

8

Poland13,969,678

15,481,098

18,928,100

Italy

35,549,774

46,846,757

71,511,493

9

Mexico10,479,019

17,686,252

17,296,565

Sweden41,823,025

54,358,900

71,109,514

10

Sweden12,541,546

15,289,159

17,191,913

Mexico33,927,705

58,645,872

70,972,853

Source: Bureau of Foreign Trade (Taiwan)

TaiwanTaiwan’s global fastener import value jumped 30% in the first half of last year but growth reduced to 10% in the same period
this year. The global export value grew 28% in the first half of last year and growth mildly dropped to 30% in the same period
this year. Japan, the U.S. and China have been the primary import sources for Taiwan and the U.S., Europe and Japan are themain export destinations.

256

Fastener World no.196/2022