Industry Focus

2022 Fastener Trade Statistics

of USA/Canada/Japan/Taiwan/Brazil
USA (in descending order according to figures of 2022)

Import (HS 7318 Iron and steel screws, bolts, nuts, washers, etc.)
Imports
The value of U.S. fastener imports has showna steady growth trend over the past three years,
from US$4.777 billion in 2020 to US$7.762
billion in 2022. The top three import sourceswere Taiwan, China, and Japan in that order.
Taiwan, in particular, accounted for nearly 40%of the U.S. market share in 2022 with US$3.026
billion. Imports from Taiwan and China havenearly doubled in value over the past three years,
and all of the top 10 sources of imports grew in2022, except for Japan, which shrank from theprevious year.

Exports
Like imports, U.S. exports showed a similar
trend over the past three years, rising from
US$3.624 billion in 2020 to US$4.765 billion
in 2022. The top three export destinations wereMexico, Canada, and China, in that order. In
2022, exports to these two countries (Mexicoand Canada) exceeded US$1 billion (over 60% ofU.S. total export). With the exception of China,
where its exports in 2022 declined, the other top
10 export destinations all showed growth.

(in million USD)

Rank

Partner

2020

2021

2022

0

World

4,777

6,046

7,762

1

Taiwan

1,763

2,271

3,026

2

China

824

1,118

1,617

3

Japan

506

622

571

4

Canada

259

322

387

5

Germany

328

366

367

6S. Korea

173

213

288

7

India

107

183

247

8

Italy

137

171

196

9

Mexico

110

129

170

10

Thailand

74

87

161

Export (HS 7318 Iron and steel screws, bolts, nuts, washers, etc.)(in million USD)

Rank

Partner

2020

20212022

012World
MexicoCanada

3,624
1,215
948

4,137
1,475
1,095

4,765
1,714
1,231

3

China

183

250

231

4UK

127

110

127

5

Brazil

90

95

122

6

Germany

98

91

117

7

Singapore

76

85

89

8Japan

84

73

88

9

Australia

65

73

84

10France

79

60

83

Source: U.S. ITA of Department of Commerce

Canada (in descending order according to figures of 2022)

Import (HS 7318 Iron and steel screws, bolts, nuts, washers, etc.)

250(in USD)

Rank

Partner

2020

2021

2022

0World1,380,535,120

1,640,593,524

1,982,830,274

1USA

668,501,904

743,430,143

846,461,226

2

China

188,349,842

260,469,804

364,771,812

3

Taiwan204,236,113

264,608,813

332,554,880

4

Japan

64,448,457

66,428,236

68,635,432

5Vietnam

31,593,040

37,333,798

47,250,211

6

Germany

32,918,160

40,098,231

44,557,804

7

Italy

24,729,180

30,494,988

39,076,713

8

S. Korea

22,421,418

23,790,548

30,307,384

9

India

12,725,509

19,395,210

24,645,236

10

UK

19,376,315

18,668,269

22,487,653

Fastener World no.200/2023

Imports
Canada’s imports of fasteners from aroundthe world have increased every year for the past
three years, from US$1.380 billion in 2020 toUS$1.982 billion in 2022. The top three importsources were the U.S., China and Taiwan, withthe U.S. leading with US$846 million in 2022,
ahead of China with US$364 million and Taiwan
with US$332 million. It is worth noting thatTaiwan’s export to Canada was once ahead ofChina from 2020 to 2021, but was surpassed by
China in 2022. In 2022 its top 10 import sources
all showed higher values than in 2021.

Industry Focus
Exports

Export (HS 7318 Iron and steel screws, bolts, nuts, washers, etc.)

As with imports, Canada’s global export
performance has grown each year over the past
three years, from US$426 million in 2020 toUS$624 million in 2022. The top three export
destinations were the United States, Chinaand Mexico, in that order. More than 80% of
Canada’s fasteners were exported to the U.S., asignificant percentage, with US$502 million offasteners exported to the U.S. in 2022 alone. In
2022, its fasteners exported to China surpassed
those exported to Mexico, and in 2022, exceptfor the United Kingdom and Morocco, which
experienced a decline, all the other export
destinations among the top 10 showed a growthtrend compared to 2021.

(in USD)

Rank

Partner

2020

2021

2022

0

World

426,675,041

521,701,412

624,897,376

1

USA

344,873,635

427,568,922

502,313,912

2

China

9,120,579

10,592,578

26,999,249

3

Mexico17,266,409

21,280,236

25,247,808

4

Germany

4,918,918

9,766,971

10,373,287

5

UK

6,714,444

6,517,047

6,512,659

6

France4,382,186

4,398,499

4,902,663

7

Denmark

2,137,585

2,952,671

3,866,065

8

Brazil

2,624,886

2,678,049

3,364,960

9

Morocco449,303276,374

2,978,153

10

Poland4,839,113

2,718,980

2,961,396

Taiwan (in descending order according to weights of 2022)

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

Rank

Partner

2020 (kg)2021 (kg)2022 (kg)2020 (USD)

2021 (USD)

2022 (USD)

0World

15,604,089

19,786,820

19,997,616

149,201,795

200,002,270

205,963,484

1Japan5,923,253

6,337,516

7,450,238

61,498,107

77,875,694

67,958,691

2

China

3,673,787

4,939,133

5,073,355

15,255,467

21,298,804

21,898,035

3

Vietnam

2,312,366

3,001,866

2,475,556

3,719,309

5,458,649

5,561,097

4

Philippines

517,069

1,970,096

1,228,647

1,511,922

5,401,383

4,234,077

5

S. Korea

476,283

498,775

744,915

5,660,405

9,337,536

13,213,135

6

Germany

413,559

588,859

610,129

10,222,029

14,574,275

14,185,412

7USA

341,809384,038

434,70224,505,013

32,376,523

41,786,160

8

Thailand

394,603450,088392,831

1,627,259

1,487,726

1,321,336

9

Sweden133,815

172,474

205,299

2,033,265

2,789,023

3,073,813

10

Malaysia

81,77078,735

163,961

953,165

1,140,018

2,443,495

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

Partner

2020 (kg)2021 (kg)2022 (kg)2020 (USD)

2021 (USD)

2022 (USD)

0

World

1,363,025,276

1,610,479,795

1

USA

609,077,505

699,394,354

1,607,177,950

3,961,611,656

5,309,308,825

6,128,854,810

715,311,438

1,687,203,254

2,249,070,499

2,745,611,015

2

Germany

116,613,936

140,313,050

3Netherlands

67,241,098

92,325,126

145,501,680

339,980,799

454,764,213

510,620,995

94,205,694

194,939,772

291,786,764

335,140,160

4

Japan

63,277,174

5Canada45,368,418

66,319,373

68,001,545

209,157,910

245,447,632

285,345,523

57,377,543

53,663,902

128,759,538

176,995,708

195,091,718

6

UK

7

Italy

41,680,989

60,582,997

50,184,641

136,680,336

208,779,647

207,373,746

27,367,014

35,787,497

42,248,358

70,883,003

103,873,382

130,549,457

8

Mexico23,813,674

34,183,069

33,036,883

77,878,026

119,551,489

137,117,511

9

Sweden24,835,879

32,322,279

32,632,324

85,287,025

121,688,873

134,753,538

10

Spain

23,066,684

31,967,659

32,053,906

55,463,942

83,072,214

93,345,786

Source: Bureau of Foreign Trade (Taiwan)

Fastener World no.200/2023

251

Industry Focus
Imports

Exports

Taiwan’s import volume and value of fasteners have been on asteady growth trend over the past three years. In terms of weight, itgrew from 15,600 tons in 2020 to 19,900 tons in 2022, and in termsof value, it grew from US$149 million in 2020 to US$205 million
in 2022. In terms of weight, the top three sources of imports wereJapan, China and Vietnam, accounting for about 75% of Taiwan’s total
fastener import. Among the top 10 import sources, all the countries
were on a growth trend in 2022, except for Vietnam, Philippines andThailand, which showed a decline in weight.

From 2020 to 2021, Taiwan’s fastener export
volume grew, but shrank slightly in 2022. In 2022,
the export volume reached 1.607 million tons andthe export value reached 6.128 billion USD, morethan 2 billion USD than in 2020. The top threeexport destinations were the U.S., Germany and
the Netherlands, with the U.S. alone accounting
for nearly 45% of the total. Its 2022 exports tothe top 10 export destinations were all up from2021. In terms of value, only the United Kingdom
showed a small decrease.

Japan (in descending order according to weights of 2022)

Import (Japan P.C. Code 61703 Nails, bolts, nuts, etc.)
Rank

Partner

Metric Tons

1,000 Yens

2020

2021

2022

2020

2021

2022

0

World

297,918

318,703

328,346

97,070,923

114,966,809

151,454,761

1

China

194,048

210,569

216,801

38,055,825

49,276,045

64,728,380

2

Taiwan66,154

67,19170,81924,773,147

29,143,322

40,858,059

3

S. Korea

12,83915,407

13,6194,685,725

6,024,996

6,701,217

4

Vietnam

11,83912,685

13,164

3,247,338

3,903,435

4,967,815

5

Thailand

4,645

4,210

4,678

2,956,298

3,389,000

4,112,804

6

Malaysia

2,533

1,896

1,988

1,046,231

936,057

1,330,449

7

Germany

1,032

1,148

1,199

2,419,395

2,839,362

3,970,157

8

USA

933

1,181

1,157

13,400,879

11,706,991

14,883,356

9

Spain

336

391

609

214,373

265,270

520,667

10

Australia

803

807

561

491,145706,076

622,507

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

Metric Tons

1,000 Yens

2020

20212022

279,577

346,517323,633

2020

2021

2022

257,102,234

324,979,462

341,078,663

0

World

1

China

84,221

93,442

79,38574,408,180

85,112,581

80,428,459

2

USA

66,27881,73370,22561,504,889

76,968,506

78,220,678

3Thailand

32,21045,35345,62429,203,131

40,602,271

43,502,314

4Indonesia

13,283

22,833

27,531

10,971,757

18,864,526

25,226,327

5

India

8,170

12,215

13,8637,805,872

11,344,803

13,625,297

6

Mexico12,056

14,22912,49010,613,230

12,842,986

12,838,213

7Brazil5,930

9,243

10,066

4,597,655

7,242,948

9,351,117

8

Malaysia

4,512

5,032

6,153

4,149,960

4,882,411

5,890,045

9

UK

6,177

6,065

5,408

4,447,837

4,837,971

4,624,928

10

Taiwan

4,461

4,897

5,050

4,483,822

5,217,950

5,605,564

Source: Ministry of Finance, JapanImports
In terms of volume, Japan’s fastener imports increased from 297,918 tons in 2020 to 328,346 tons in 2022. In terms of value,
it increased from around 97 billion yens in 2020 to around 151.4 billion yens in 2022. The top 3 import sources were China,Taiwan and South Korea in that order. China accounted for 66% of Japan’s total fastener imports, while Taiwan accounted for
21.5%. Imports from South Korea, however, slightly decreased in 2022. In terms of import volume, compared to 2021, SouthKorea, the U.S. and Australia showed a downward trend in 2022.

252

Fastener World no.200/2023

Industry Focus
Exports
Japan’s export of fasteners to the world grew from 279,577 tons in 2020 to 346,517 tons in 2021, but then declined to 323,633 tons
in 2022. In terms of value, it increased from around 257.1 billion yens in 2020 to around 341 billion yens in 2022. The top three export
destinations were China, the United States and Thailand. Compared to 2021, exports to China, the U.S., Mexico and the U.K. all
decreased to varying degrees in 2022.

Brazil (in descending order according to weights of 2022)
Import (HS 7318 Iron and steel screws, bolts, nuts, washers, etc.)
Rank

Country

2020 (kg)2021 (kg)2022 (kg)2020 (USD)

2021 (USD)

2022 (USD)

World

117,320,777

189,719,587

192,708,581

652,318,601

884,392,334

998,191,238

1

China

49,962,926

99,196,378

100,766,662

126,741,560

224,060,708

271,537,813

2

Japan

7,886,444

11,751,692

13,667,468

60,248,841

86,597,842

93,538,350

3

Italy

8,749,336

13,704,420

12,550,229

52,027,462

79,993,962

74,259,260

4USA

10,055,898

11,197,040

11,199,722

139,283,566

141,310,591

171,698,982

5

Taiwan9,020,345

10,116,691

9,746,922

32,668,578

33,703,948

38,115,625

6

Germany

7,013,462

9,739,810

9,259,588

66,061,043

88,782,296

90,276,006

7

S. Korea

4,036,272

5,517,563

6,077,576

18,272,826

25,635,873

32,223,746

8

India

4,944,127

6,227,099

5,131,342

14,993,066

21,002,690

23,421,156

9

Thailand

1,868,338

2,778,696

3,382,370

10,220,368

12,827,725

14,890,670

10France2,222,674

2,895,716

3,151,734

30,020,336

36,884,444

43,425,798

2022 (kg)2020 (USD)

2021 (USD)

2022 (USD)

Export (HS 7318 Iron and steel screws, bolts, nuts, washers, etc.)
RankCountry

2020 (kg)2021 (kg)World

23,165,879

50,157,593

30,812,501

129,207,343

138,453,524

167,677,895

1

Argentina

10,550,285

13,908,911

14,222,500

23,366,770

40,974,508

53,858,573

2

Paraguay

4,211,725

5,324,998

4,684,807

9,175,470

14,762,486

15,362,517

3

USA

2,131,614

3,525,384

4,118,731

47,340,293

26,583,345

33,677,891

4Uruguay

1,163,353

1,400,254

1,289,362

2,754,394

4,127,526

4,939,900

5

Germany

606,9141,003,379

1,185,351

4,556,665

6,498,142

8,618,761

6

Bolivia

737,701

1,103,761

983,637

2,230,0363,606,545

4,239,296

7

France462,014845,112

898,740

6,053,381

7,871,785

7,954,991

8

Mexico382,839569,757

502,605

4,145,237

4,716,879

5,176,732

9

Chile

397,698

477,039

388,858

3,547,191

3,899,903

4,432,643

10

Colombia

297,503271,655

376,004

2,651,951

3,124,487

4,854,017

Imports

ExportBrazil is a significant fastener demand country in Latin
America. Its imports of fasteners from the world have been
growing every year for the past three years, from 117,320 tons
in 2020 all the way to 192,708 tons in 2022. In terms of value,
it grew from US$652 million in 2020 to US$998 million in2022. The top 3 import sources were China, Japan and Italy,
with China alone accounting for more than 52% of the market
share. Taiwan was Brazil’s 5th largest source of imports in
2022, with a market share of only 5%, and there shows stillmuch room for improvement.

Brazil’s fasteners are mainly exported to the American market.
Among the top 10, all are Latin American countries, except for
the U.S., Germany, and France. In 2020, Brazil exported 23,000
tons of fasteners to the world, growing significantly to 50,100 tons
in 2021, but then decreasing to 30,800 tons in 2022. The value ofexports grew from US$129 million in 2020 to US$167 million in
2022. Argentina, Paraguay and the United States were the mostimportant markets for Brazil’s fastener exports.
/// by Gang Hao Chang, Vice Editor-in-Chief of Fastener World///

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