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Industry Focus

An Overview of Taiwan
Fastener Export in H1 2017by Murthy Chen, Fastener World
According to the latest published Taiwan fastener import/export statistics by Taiwan Customs, the total fastenerexport of Taiwan in H1 2017 (either in weight or monetary terms) shows slight growth over the same period last year.
If we look into the statistics category by category, we see that most of Taiwan’s fastener export during that period wasshipped to USA (representing 40.78% of its total export) and the main exported category was Other Screws & Bolts
within HS code 7318159000 (representing 53.15%), which also gave rise to a significant growth in export. Below aresome tables that show relevant data of Taiwan fastener export, which include ‘the total fastener export in Jan-Jun
2017, top 10 fastener export destinations and top 10 exported product categories.
Benefiting from the global economic growth, Taiwan fastener export in H1 2017 was on a significant rise. Table 1
shows that Taiwan fastener export in H1 2017 reached around 0.79 million tons, up 4.13% from last year, or reachedaround 2.037 billion US dollars, up 9.46% from 2016.
■ Table 1. Taiwan Fastener (Incl. Steel Nails) Export in H1 2017
Year2017

Weight (kg)Weight (kg)YoY Change
785,883,746.00
4.13 %

Value (USD)Value
YoY Change
2,036,105,620
9.46%
Total

Avg. Value (USD/kg)
Avg. ValueYoY Change
2.591
5.12 %

Among the top 10 fastener export destinations of Taiwan, USA (importing about 0.32 million tons) was at the 1stplace and its import from Taiwan compared to the previous year grew by 7.16%. What’s worth noting is that Mexico,ranked at the 10th place, showed the most significant increase (either in weight or monetary terms) and the total
weight compared to the previous same period grew by around 12% and the total value compared to the previous
same period grew by 20.81%. Export to UK and Italy showed negative growth and the export to these two countries
compared to the previous same period reduced by 6.64% and 5.53%, respectively. In addition, Japan, revealing stable
growth in export weight and value, showed a 0.18% drop in average value compared to the same period last year. Asfor UK, which showed reduced export weight, its average value was 11.45% higher than last year.
■ Table 2. Top 10 Fastener (Incl. Steel Nails) Export Destinations for Taiwan in H1 2017
CountryUSA
Germany
Netherlands
JapanUK
CanadaPolandItaly
SwedenMexicoWeight (kg)Weight (kg)YoY Change
320,459,937
7.16%
73,031,866
1.27%
45,292,482
4.32%
34,248,737
6.84%
31,253,800-6.64%
24,384,974
11.12%
7.65%
18,615,147
18,593,976-5.53%
16,757,477
6.33%
14,439,702
12.00

Value (USD)Value
YoY Change
787,933,295
10.66%
180,039,183
5.61%
112,510,641
8.13%
106,052,807
12.79%
86,254,633
2.94%
62,906,287
14.73%
32,542,578
11.46%
44,085,212
1.15%
47,469,439
11.91%
41,831,852
20.81%

Avg. Value (USD/kg)
Avg. ValueYoY Change
2.459
5.11%
2.465
2.83%
2.484
3.45%
3.097
-0.18%
2.760
11.45%
2.580
0.02%
1.748
1.50%
2.371
6.57%
2.833
6.13%
2.897
1.77%

The top product category in Taiwan fastener export in H1 2017 was “Other Screws & Bolts (within HS code
7318159000) and its total weight was around 270 thousand tons, higher than the total weight of Nuts (within HS code7318160000) ranked at the 2nd place. The categories showing the most significant drop were Other Threaded Articles
within HS code 7318190000 (-2.09%), Other Washers within HS code 7318220000 (-3.60%) and Rivets within HS
code 7318230000 (-5.71%). In terms of average value, the average value of rivets was up 13.11% from the previousyear (the highest growth among all). Other non-threaded articles within HS code 7318290000 showed a 6.06% drop.252

Industry Focus■Table 3. Top 10 Exported Fasteners (Incl. Steel Nails) of Taiwan in H1 2017
Product Category
7318159000- Other
Screws & Bolts
7318160000 Nuts
7318140000- Selftapping Screws
7317009010- SteelNails
7318120000 Wood
Screws7318190000- Other
Threaded Articles
7318220000- Other
Washers
7318290000- Other
Non-threaded
Articles
7318230000- Rivets
7318240000- Pins &Cotter Pins

Weight (kg)Weight (kg)YoY Change

Value (USD)Value
YoY Change

Avg. Value(USD/kg)
Avg. ValueYoY Change

417,691,624

3.61%

1,032,972,099

10.34%

2.473

6.50%

146,486,934

5.68%

425,866,964

9.65%

2.907

3.76%

94,866,871

4.72%

223,671,757

12.93%

2.358

7.84%

44,107,985

5.61%

55,315,726

14.95%

1.254

2.87%

39,679,023

2.31%

91,003,056

1.44%

2.293

-0.85%

10,885,654-2.09%

43,679,692

1.43%

4.013

3.59%

9,271,074-3.60%

41,206,225

7.16%

4.445

11.16%

7,890,861

0.41%

33,203,921-5.66%

4.208-6.06%

3,826,055-5.71%

16,545,877

6.66%

4.325

13.11%

3,626,810

5.74%

16,361,541

9.06%

4.511

3.14%

Taiwan fastener industry is deeply connected to many companies and industries around the world and its leading
position in the industry is quite essential. With the steadily recovering export in Taiwan this year, many experts
expect that the performance in H2 2017 will show a positive picture for sure and the production value is also expected
to increase continuously.

Annex 1. US Fastener Import in 2014-2017 (in USD)
HS code 7318 Steel Screws, Bolts, Nuts, Washers, etc.

12345678910Trade PartnerWorld
TaiwanChina
Japan
Germany
CanadaS. Korea
Italy
MexicoIndia
France2014
4,921,191,202
1,512,427,995
1,142,261,454
653,394,729
351,760,875
289,649,264
216,186,050
118,038,662
100,318,510
81,044,041
68,926,051

2015
5,024,217,149
1,603,621,502
1,141,429,288
622,785,088
352,302,112
302,948,226
237,869,390
113,440,951
105,257,018
105,877,450
70,876,277

2016
4,529,247,846
1,420,472,129
1,003,167,851
619,817,193
295,205,544
258,590,208
211,726,593
99,524,861
104,106,381
88,389,275
80,961,562

2017 (Jan-Jun)
2,406,919,972
775,878,544
555,262,416
315,497,677
139,499,597
133,417,011
96,366,320
63,758,296
54,489,536
44,499,765
42,669,467

2016
4,076,555,511
1,314,654,296
1,005,906,068
299,423,733
190,075,624
163,622,895
117,867,815
111,789,548
77,791,434
65,706,333
83,231,548

2017 (Jan-June)
2,210,841,032
699,052,597
537,281,843
180,881,608
112,802,403
83,279,417
62,578,775
55,681,426
41,173,434
38,929,470
37,932,453

Annex 2. US Fastener Export in 2014-2017 (in USD)
HS code 7318 Steel Screws, Bolts, Nuts, Washers, etc.

1
2
3
4
5
6
7
8
9
10

Trade Partner
World
MexicoCanadaBrazilChina
UK
Germany
FranceSingapore
S. Korea
Japan

2014
3,841,907,610
1,276,883,493
1,098,492,268
101,927,132
145,709,542
165,169,259
111,425,654
91,144,601
78,738,164
69,227,320
82,410,306

2015
3,836,333,502
1,320,971,206
1,029,223,981
98,526,990
169,661,420
161,203,906
109,931,076
95,261,481
68,338,147
73,569,037
82,644,422