Industry Focus >>Fastening Tools Trade Statistics of USA/EU/
Taiwan/Japan/Brazil in 2023
2023美歐台日巴緊固工具進出口統計分析
The amount of fasteners imported and exported often implies the strength of the demand of various industries. The more prosperous
the industry is, the greater the demand for fasteners will be, and this will indirectly increase the demand for fastening tools for fasteners.
Therefore, by analyzing the latest import and export data from major fastening tool exporting and importing countries, we may be able
to see the latest fluctuations in the global demand for fastening tools, and further predict the next changes in the industry's demand. In
addition, hardware and tools related exhibitions around the world are ready to welcome professionals from various industries in 2024,
showing that the development potential of the tools market is still a major concern for the industry.

USA
In 2023, the U.S. imported US$2.956 billion ofInterchangeable Tools for Hand Tools Or Machine
Tools (HS 8207), US$1.372 billion of Hand Tools,
Blow Torches, Anvils (HS 8205), and US$747 millionof Hand-Operated Spanners & Wrenches (HS 8204),
down 6%, 13.15% and 13.49% respectively fromthe same period in 2022; the U.S. exported about
US$2.047 billion Interchangeable Tools for Hand
Tools Or Machine Tools (HS 8207), US$624 million
for Hand Tools, Blow Torches, Anvils (HS 8205)
and US$316 million for Hand-Operated Spanners &Wrenches (HS 8204), decreasing by 6.7%, increasing
by 0.81% and increasing by 12.90%, respectively,from the same period in 2022.
In terms of the import of HS 8204, the top 3 importsources were Taiwan, China and Vietnam. Amongthe top 10 import sources, the largest decrease wasrecorded in India (-19.55%), while the largest increase was recorded in Canada(48.7%); the top 3 export destinations were Canada, Mexico and Japan. Amongthe top 10 export destinations, the largest decrease was in Australia (-13.58%) andthe largest increase was in Saudi Arabia (100%).
In terms of the import of HS 8205, the top 3 import sources were China,
Taiwan and Mexico. Among the top 10 import sources, the largest decrease
was Japan (-29.01%) and the largest increase was Mexico (11.3%); the top 3
export destinations were Canada, Mexico and the UK. Among the top 10 export
destinations, the largest decrease was China (-19.67%) and the largest increase
was the Netherlands (36.96%).
In terms of the import of HS 8207, the top 3 import sources were China,
Germany and Japan. Among the top 10 import sources, the largest decrease was
China (-24%) and the largest increase was S. Korea (23%); the top 3 export
destinations were Mexico, Canada and Germany. Among the top 10 export
destinations, the largest decrease was the Netherlands (-87.51%) and the largest
increase was Mexico (30.06%).
惠達雜誌

Hardware & Fastener Components - no.62/2024

In this article, we will analyze the import and export performance of fastening tools (HS codes: 8204, 8205, 8207) from the US, EU,
Taiwan, Japan and Brazil in 2023 and the increase/decrease in comparison with the data in 2022, so as to enable readers to understand thetrend change of the major categories of fastening tools in certain regions. (Note: The U.S. Department of Commerce only published importand export values, so the weight data are not available).

093

Industry Focus >>USA(in Million USD ), in descending order according to values of 2023

◢ Import◣ExportHS 8204 Hand-Operated Spanners & Wrenches

HS 8204 Hand-Operated Spanners & Wrenches

Rank

Partner

2022

2023

Same Period Change

Rank

Partner

2022

2023

1
2
3
4
5
6
7
8
9
10

World
TaiwanChina
VietnamIndia
Germany
Spain
MexicoCzech
Japan
Canada

864
410
253
47
54
35
13
13
8
5
3

747
349
210
47
43
31
12
12
9
5
4

-13.49%-14.95%-17.00%0.01%-19.55%-11.69%-1.42%-8.40%
13.15%-0.57%
48.70%

1
2
3
4
5
6
7
8
9
10

World
CanadaMexicoJapan
UK
Australia
Germany
Singapore
Belgium
Saudi Arabia
China

279
86
25
17
16
17
13
7
5
3
7

316
103
36
16
16
14
13
7
7
7
7

HS 8205 Hand Tools, Blow Torches, Anvils

HS 8205 Hand Tools, Blow Torches, Anvils

Hardware & Fastener Components - no.62/2024

Same Period
Change12.90%
19.24%
47.10%-8.05%-1.85%-13.58%0.98%
2.87%
41.90%
100.00%-8.26%

Rank

Partner

2022

2023

Same Period Change

Rank

Partner

2022

2023

1
2
3
4
5
6
7
8
9
10

World
China
TaiwanMexicoIndia
VietnamGermany
CanadaJapan
Austria
France

1580
679
417
70
73
52
49
42
30
21
17

1372
568
325
78
67
52
48
42
21
19
17

-13.15%-16.38%-22.23%11.30%-7.10%
0.77%-1.61%
1.17%-29.01%-10.25%
3.36%

1
2
3
4
5
6
7
8
9
10

World
CanadaMexicoUK
Germany
Australia
Japan
FranceNetherlands
China
Saudi Arabia

619
204
63
36
25
27
15
13
10
17
7

624
205
76
32
28
26
16
14
14
13
9

Same Period
Change0.81%
0.40%
19.08%-11.71%
11.27%-2.93%
6.59%
4.37%
36.96%-19.67%31.12%HS 8207 Interchangeable Tools for Hand Tools Or Machine Tools

HS 8207 Interchangeable Tools for Hand Tools Or Machine Tools

Rank

Partner

2022

2023

Same Period Change

Rank

Partner

2022

2023

1
2
3
4
5
6
7
8
9
10

World
China
GermanyJapan
S. Korea
CanadaTaiwanMexicoItaly
India
Brazil

3147
676
461
459
229
279
161
102
125
66
59

2956
511
463
419
282
228
137
105
102
76
67

-6%
-24%
0%
-9%
23%
-18%
-15%
2%
-18%
15%
13%

1
2
3
4
5
6
7
8
9
10

World
MexicoCanadaGermany
UK
Saudi Arabia
China
BrazilAustralia
Netherlands
UAE

2194
437
574
66
56
58
60
39
46
258
29

2047
569
564
64
61
57
53
44
42
32
30

Same Period
Change-6.70%
30.06%-1.68%-3.04%
8.58%-1.85%-11.07%12.85%-9.75%-87.51%
5.90%

Source: U.S. ITA of Department of CommerceEU
In 2023, the EU imported about 145,000 tons of Hand Tools, Blow Torches, Anvils (HS 8205), 139,000 tons of Interchangeable Tools for Hand
Tools Or Machine Tools (HS 8207), and 70,000 tons of Hand-Operated Spanners & Wrenches (HS 8204), down 23%, 5%, and 18%, respectively,from the same period in 2022; the EU exported about 82 thousand tons of Interchangeable Tools for Hand Tools Or Machine Tools (HS 8207), 29
thousand tons of Hand Tools, Blow Torches, Anvils, and other materials (HS 8205), and 10 thousand tons of Hand-Operated Spanners & Wrenches(HS 8204), representing decreases of 10%, 7%, and 7% from the same period in 2022, respectively.
In terms of the import of HS 8204 (by weight), the top 3 import sources were China, Taiwan and India. Among the top 10 importsources, Hong Kong experienced the largest decrease (-49%), while S. Korea experienced the largest increase (22%); the top 3 export
destinations were the USA, the UK and Switzerland. Among the top 10 export destinations, the largest decrease was Belarus (-15%) andthe largest increase was Ukraine (34%).

094 惠達雜誌Industry Focus >>In terms of the import of HS 8205 (by weight), the top 3 import sources were China, Taiwan and India. Among the top 10 import sources,
the largest decrease was Vietnam (-37%) and the largest increase was Hong Kong (4%); the top 3 export destinations were the UK, the U.S. andSwitzerland. Among the top 10 export destinations, the largest decrease was Russia (-25%) and the largest increase was Turkey and Ukraine (36%).
In terms of the import of HS 8207 (by weight), the top 3 import sources were China, S. Korea and Turkey. Among the top 10 import sources, thelargest decrease was Taiwan (-36%) and the largest increase was the UK (47%); the top 3 export destinations were the U.S., Switzerland and the UK.
Among the top 10 export destinations, the largest decrease was the UK (-25%) and the largest increase was Mexico (13%).

EU(in EURO), in descending order according to weight of 2023

◢ Import
HS 8204 Hand-Operated Spanners & Wrenches
Indicators
Years
Rank Total non-EU
1
China
2
Taiwan3
India
4
Turkey
5
USA
6
UK
7
Japan
8
Switzerland
9
S. Korea
10
Hong Kong

Import Value tothe EU/MS (Euro)

Import Value tothe EU/MS (Euro)Same Period
Change (Euro)

Import Qty to the
EU/MS (Kg)

Import Qty to the
EU/MS (Kg)

Same Period
Change (Kg)2022
715,327,794
278,785,163
297,041,549
49,778,295
9,393,637
30,229,038
21,496,118
9,325,262
10,790,448
545,494
663,1112023
585,467,164
215,163,854
242,010,457
33,673,819
11,532,176
31,833,810
22,020,821
8,862,559
12,480,337
1,146,090
345,422

-18%
-23%
-19%
-32%
23%
5%
2%
-5%
16%
110%
-48%

2022
84,948,658
47,587,794
23,377,563
10,826,551
1,000,710
591,646
561,652
308,177
221,521
69,17288,4402023
70,026,024
41,698,349
17,579,869
7,629,901
1,189,244
551,849534,219
277,560
253,127
84,67844,855

-18%
-12%
-25%
-30%
19%
-7%
-5%
-10%
14%
22%
-49%

Import Qty to the
EU/MS (Kg)

Same Period
Change (Kg)

Indicators

Import Value tothe EU/MS (Euro)

Import Value tothe EU/MS (Euro)Same Period
Change (Euro)

Import Qty to the
EU/MS (Kg)

Years

2022

2023

2022

2023

Rank

Total non-EU

1,397,835,680

1,102,048,559-21%

188,460,628

145,552,368

-23%

1
2
3
4
5
6
7
8
9
10

China
TaiwanIndia
TurkeyUSA
UK
Switzerland
Hong Kong
Vietnam
Norway880,422,033
171,936,429
34,229,708
14,412,544
95,698,207
57,326,441
53,123,249
4,670,146
3,323,893
6,727,663

642,249,347
123,274,404
26,611,107
15,160,105
97,799,845
54,537,881
51,258,442
4,470,170
2,342,987
6,502,721

-27%
-28%
-22%
5%
2%
-5%
-4%
-4%
-30%
-3%

152,870,811
13,431,201
8,689,271
2,473,425
3,061,610
2,220,987
941,541
400,345
463,547
363,919

118,778,969
9,725,466
5,982,712
2,190,633
2,041,048
1,935,183
840,558
414,881292,584
285,272

-22%
-28%
-31%
-11%
-33%
-13%
-11%
4%
-37%
-22%

Indicators

Import Value tothe EU/MS (Euro)

Import Qty to the
EU/MS (Kg)

Same Period
Change (Kg)

HS 8207 Interchangeable Tools for Hand Tools Or Machine Tools
Import Value tothe EU/MS (Euro)Same Period
Change (Euro)

Import Qty to the
EU/MS (Kg)

Years

2022

2023

2022

2023

Rank

Total non-EU

2,909,101,455

2,786,700,357-4%

146,283,301

139,051,575

-5%

1
2
3
4
5
6
7
8
9
10

China
S. Korea
TurkeyUK
Switzerland
USA
TaiwanJapan
India
Liechtenstein

1,153,118,773
192,861,577
85,334,043
121,707,568
440,701,478
238,735,458
107,058,430
167,542,998
81,440,303
27,255,920

1,062,040,786
186,943,444
85,904,159
114,342,776
481,878,912
239,738,779
87,687,513
161,032,761
79,609,255
29,829,606

-8%
-3%
1%
-6%
9%
0%
-18%
-4%
-2%
9%

96,949,393
11,159,011
9,859,860
4,546,463
3,514,079
3,650,724
3,932,003
1,918,650
1,966,287
1,047,172

92,567,882
10,919,780
10,149,342
6,688,938
3,552,304
2,744,268
2,503,626
1,803,222
1,598,311
868,722

-5%
-2%
3%
47%
1%
-25%
-36%
-6%
-19%
-17%

惠達雜誌

Hardware & Fastener Components - no.62/2024

HS 8205 Hand Tools, Blow Torches, Anvils

095Industry Focus >>◣ExportHS 8204 Hand-Operated Spanners & Wrenches
Indicators
Rank
1
2
3
4
5
6
7
8
9
10

Years
Total non-EU
USA
UK
Switzerland
TurkeyChina
NorwayUkraineBrazilMexicoBelarusExport Value from Export Value fromthe EU/MS (Euro) the EU/MS (Euro)
2022
257,698,751
53,019,038
36,751,320
23,870,347
8,910,164
18,701,397
11,771,180
2,360,814
5,366,646
4,515,567
2,077,528

2023
272,586,455
57,357,569
39,111,842
25,209,853
9,773,695
18,009,458
10,988,708
3,226,525
5,334,253
5,102,632
2,182,950

Same Period
Change (Euro)

Export Qty fromthe EU/MS (Kg)

Export Qty fromthe EU/MS (Kg)

Same Period
Change (Kg)

6%
8%
6%
6%
10%
-4%
-7%
37%
-1%
13%
5%

2022
10,725,778
1,591,556
1,420,771
794,115
597,866
574,883
541,142
314,413443,859
278,085
333,8182023
10,025,974
1,497,318
1,370,159
711,684
552,984
542,794
468,052
422,090397,703
315,576
282,803

-7%
-6%
-4%
-10%
-8%
-6%
-14%
34%
-10%
13%
-15%

HS 8205 Hand Tools, Blow Torches, Anvils
Indicators
Rank
1
2
3
4
5
6
7
8
9
10

Years
Total non-EU
UK
USA
Switzerland
NorwaySaudi Arabia
TurkeyRussiaUkraineSerbiaChina

Export Value from Export Value fromthe EU/MS (Euro) the EU/MS (Euro)
2022
708,104,171
82,893,263
147,629,107
63,111,832
40,938,777
14,199,250
15,999,020
17,239,217
5,480,356
9,692,507
31,648,878

2023
707,885,657
88,743,242
143,000,330
60,570,029
35,856,879
12,507,030
22,242,414
12,846,528
8,704,168
10,467,348
29,434,862

Same Period
Change (Euro)

Export Qty fromthe EU/MS (Kg)

Export Qty fromthe EU/MS (Kg)

Same Period
Change (Kg)

0%
7%
-3%
-4%
-12%
-12%
39%
-25%
59%
8%
-7%

2022
31,528,163
3,671,381
3,787,177
3,209,598
2,256,809
1,367,755
690,850
1,049,053
544,000
666,729
587,3072023
29,174,582
3,679,145
3,447,221
2,981,223
1,865,299
1,078,617
940,538
785,413739,775
638,142
536,496

-7%
0%
-9%
-7%
-17%
-21%
36%
-25%
36%
-4%
-9%

HS 8207 Interchangeable Tools for Hand Tools Or Machine Tools

Hardware & Fastener Components - no.62/2024

Indicators
Rank
1
2
3
4
5
6
7
8
9
10

Years
Total non-EU
USA
Switzerland
UK
China
TurkeyMexicoNorwayLiechtenstein
Australia
South Africa

Export Value from Export Value fromthe EU/MS (Euro) the EU/MS (Euro)
2022
2023
3,670,262,556
3,636,609,195
945,298,796
864,035,213
350,895,317
378,421,010
275,405,691
254,817,647
384,076,326
369,055,874
151,976,848
177,033,139
159,946,400
193,599,093
76,840,417
76,288,967
106,097,218
115,956,982
85,240,776
79,465,523
54,569,215
55,983,398

Same Period
Change (Euro)
-1%
-9%
8%
-7%
-4%
16%
21%
-1%
9%
-7%
3%

				

Export Qty fromthe EU/MS (Kg)2022
91,051,387
18,983,198
8,962,658
10,397,890
8,036,254
4,607,180
3,498,670
3,362,938
2,766,868
2,550,412
1,717,597

Export Qty fromthe EU/MS (Kg)2023
82,140,015
16,876,871
7,944,044
7,748,793
7,040,224
4,480,840
3,969,071
3,262,793
2,342,289
2,297,571
1,643,778

Same Period
Change (Kg)
-10%
-11%
-11%
-25%
-12%
-3%
13%
-3%
-15%
-10%
-4%

Source: EU Trade Helpdesk

TaiwanIn 2023, Taiwan imported about 7,699 tons of Fastening Tools (HS 8205), 6,929 tons of Interchangeable Tools for Hand Tools Or
Machine Tools (HS 8207) and 5,686 tons of Hand-Operated Spanners & Wrenches (HS 8204), decreasing by 19.88%, increasing by 6.06%
and decreasing by 25.59%, respectively, compared with the same period in 2022; Taiwan exported about 79 thousand tons of Hand Tools,
Blow Torches, Anvils (HS 8205), 75 thousand tons of Hand-Operated Spanners & Wrenches (HS 8204), and 13,000 tons of Interchangeable
Tools for Hand Tools Or Machine Tools (HS 8207), representing decreases of 22.29%, 14.61%, and 12.64% from the same period in 2022,
respectively.
In terms of the import of HS 8204 (by weight), the top 3 import sources were China, Vietnam and Japan. Among the top 10 importsources, Germany showed the largest decline (-54.2%), while Taiwan showed the largest increase (94.21%); the top 3 export destinations
were the U.S., China and Russia. Among the top 10 export destinations, the largest decrease was China (-40.89%) and the largest increase
was Indonesia (37.2%).

096 惠達雜誌Industry Focus >>In terms of the import of HS 8205 (by weight), the top 3 importsources were China, Vietnam and Japan. Among the top 10 importsources, the largest decrease was Germany (-34.29%) and thelargest increase was the Netherlands (140.91%); the top 3 export
destinations were the U.S., Japan and Germany. Among the top
10 export destinations, the biggest decline was the Netherlands(-28.11%) and the biggest increase was Russia (20.49%).

In terms of the import of HS 8207 (by weight), the top 3 importsources were China, Japan and Vietnam. Among the top 10 importsources, Germany showed the largest decrease (-40.89%) and Canada
showed the largest increase (7,488.56%); the top 3 export destinations
were the U.S., China and Japan. Among the top 10 export destinations,
Germany showed the largest decline (-37.22%) and Mexico showed
the largest increase (367.05%).

Taiwanin descending order according to weight of 2023

◢ Import

1
2
3
4
5
6
7
8
9
10

Rank
1
2
3
4
5
6
7
8
9
10

Rank
1
2
3
4
5
6
7
8
9
10

CountryWorld
China
VietnamJapan
India
TurkiyeUSA
Italy
Germany
Netherlands
Malaysia

2022 (USD)
44,513,252
28,642,155
7,009,299
3,447,750
472,446
299,591
1,553,542
136,582
867,761
502,566
69,9852023 (USD)
34,639,075
19,818,017
6,012,605
2,737,927
775,995
383,3141,400,765
138,911807,734
667,615
83,771Same Period Change (USD)-22.18%-30.81%-14.22%-20.59%64.25%
27.95%-9.83%
1.71%-6.92%
32.84%
19.70%

2022 (Kg)
7,642,204
5,825,582
1,433,392
164,11286,81534,34225,87913,65815,8052,978
542023 (Kg)
5,686,714
4,168,876
1,094,115
143,401
136,80741,853
19,134
10,359
7,239
4,275
4,044

Same Period Change (Kg)
-25.59%-28.44%-23.67%-12.62%57.58%
21.87%-26.06%-24.15%-54.20%43.55%
7389%

CountryWorld
China
VietnamJapan
Germany
India
USA
Netherlands
Italy
Thailand
S. Korea

2022 (USD)
55,629,495
34,066,040
1,537,689
6,050,947
3,601,409
234,098
3,282,475
1,503,165
412,015
290,179
683,872

HS 8205 Hand Tools, Blow Torches, Anvils
2023 (USD)
Same Period Change (USD)
2022 (Kg)
43,840,195-21.19%9,609,742
25,332,560-25.64%
8,758,152
1,589,486
3.37%
318,483
4,213,815-30.36%
209,996
2,231,801-38.03%57,584222,285-5.05%
40,863
3,096,724-5.66%
28,3691,743,149
15.97%
9,837
393,156-4.58%
25,63898,239-66.15%26,729340,426-50.22%
20,9452023 (Kg)
7,699,434
6,857,643
364,249
174,032
37,83937,56530,937
23,698
19,69019,1798,778

Same Period Change (Kg)
-19.88%-21.70%14.37%-17.13%-34.29%-8.07%
9.05%
140.91%-23.20%-28.25%-58%

Country
World
China
Japan
VietnamGermany
S. Korea
CanadaIndia
Singapore
USA
Italy

2022 (USD)
177,102,117
66,883,434
58,809,971
2,398,419
10,849,411
13,591,213
561,551
415,994
6,239,192
3,707,760
1,350,256

HS 8207 Interchangeable Tools for Hand Tools Or Machine Tools
2023 (USD)
Same Period Change (USD)
2022 (Kg)2023 (Kg)
146,198,755-17.45%
6,533,989
6,929,973
65,913,850-1.45%
4,937,764
5,305,559
38,755,085-34.10%523,682545,1423,443,873
43.59%
285,230
394,857
9,201,972-15.18%335,469
198,280
7,737,265-43.07%
181,354
123,647
669,285
19.19%
437
33,162463,978
11.53%
5,474
26,776
4,621,178-25.93%27,07922,962
3,476,497-6.24%
22,19022,2791,439,342
6.60%
7,057
13,434Same Period Change (Kg)
6.06%
7.45%
4.10%
38.43%-40.89%-31.82%
7,488.56%
389.15%-15.20%0.40%
90.36%◣ExportHS 8204 Hand-Operated Spanners & Wrenches
Rank
1
2
3
4
5
6
7
8
9
10

Country
World
USA
China
RussiaGermany
Australia
Netherlands
FranceJapan
Indonesia
UK2022 (USD)
850,136,093
367,971,242
67,425,449
26,561,079
49,170,726
35,845,847
36,164,641
31,672,764
28,686,805
7,852,202
16,336,386

2023 (USD)
782,414,552
330,280,565
39,305,404
35,218,622
44,733,608
29,813,281
35,423,698
30,582,041
30,079,586
10,288,465
16,998,397

Same Period Change (USD)-7.97%-10.24%-41.71%32.59%-9.02%-16.83%-2.05%-3.44%
4.86%
31.03%
4.05%

2022 (Kg)
88,574,475
39,188,698
12,948,854
2,444,221
3,455,037
3,033,488
3,009,032
2,132,737
1,946,361
1,191,418
1,372,607

2023 (Kg)
75,629,481
33,883,176
7,654,571
3,173,941
2,785,058
2,586,681
2,384,069
1,772,890
1,751,771
1,634,670
1,377,478

Same Period Change (Kg)
-14.61%-13.54%-40.89%29.85%-19.39%-14.73%-20.77%-16.87%-10.00%37.20%
0.35%

惠達雜誌

Hardware & Fastener Components - no.62/2024

HS 8204 Hand-Operated Spanners & Wrenches
Rank

097

Industry Focus >>HS 8205 Hand Tools, Blow Torches, Anvils
Rank
1
2
3
4
5
6
7
8
9
10

Country
World
USA
Japan
GermanyUK
China
Australia
RussiaNetherlands
MexicoBelgium

2022 (USD)
1,205,460,778
533,283,854
71,220,039
57,872,251
54,784,776
28,941,927
49,790,163
26,846,827
41,785,749
27,438,593
21,799,866

Country
World
USA
China
Japan
India
VietnamMexicoMalaysia
RussiaGermany
Brazil2022 (USD)
530,830,531
96,950,664
168,597,939
30,960,483
9,996,402
16,915,745
3,070,724
8,777,503
15,802,160
20,926,438
6,081,439

2023 (USD)
993,773,940
434,473,851
57,280,040
47,190,230
45,113,864
23,357,928
41,298,403
32,217,162
30,541,668
22,462,082
18,573,974

Same Period Change (USD)-17.56%-18.53%-19.57%-18.46%-17.65%-19.29%-17.06%20.00%-26.91%-18.14%-14.80%2022 (Kg)102,093,552
46,310,967
5,288,823
4,245,193
3,919,056
2,843,156
4,002,666
2,376,136
3,043,977
2,820,661
2,276,956

2023 (Kg)
79,340,224
33,964,215
4,321,135
3,383,527
3,297,496
3,192,492
3,032,439
2,863,073
2,188,468
2,049,526
1,881,078

Same Period Change (Kg)
-22.29%-26.66%-18.30%-20.30%-15.86%12.29%-24.24%20.49%-28.11%-27.34%-17.39%HS 8207 Interchangeable Tools for Hand Tools Or Machine Tools
Rank
1
2
3
4
5
6
7
8
9
10

2023 (USD)
448,048,314
87,009,839
125,157,894
27,080,650
14,313,746
15,180,256
5,251,313
6,923,094
17,219,344
17,465,299
7,473,261

Same Period Change (USD)-15.59%-10.25%-25.77%-12.53%43.19%-10.26%71.01%-21.13%
8.97%-16.54%22.89%

2022 (Kg)
15,298,517
4,343,066
2,635,314
1,308,013
173,341
638,021
107,563
608,567
529,148
509,572132,0632023 (Kg)
13,364,357
3,653,384
2,200,220
1,108,154
731,622679,162502,371487,104
471,900
319,919
317,844

Same Period Change (Kg)
-12.64%-15.88%-16.51%-15.28%322.07%6.45%
367.05%-19.96%-10.82%-37.22%140.68%Source: Bureau of Foreign Trade (Taiwan)							

JapanIn 2023, Japan imported about 57,000 tons of hand tools (Japan P.C. Code 61705), a decrease of 14.94% from the same period in 2022.
In terms of value, Japan imported about 165.5 billion yens of hand tools, a decrease of 9.37% from the same period in 2022; Japan exported
67,000 tons of hand tools (Japan P.S. Code 61511), a decrease of 0.88% from the same period in 2022. In terms of value, exports amounted to414.2 billion yens, a decrease of 1.13% from the same period in 2022.
In terms of weight, the top 3 import sources were China, Taiwan and S. Korea. Among the top 10 import sources, the largest decline was
Switzerland (-91.08%) and the largest increase was Thailand (13.04%); the top 3 export destinations were the U.S., Mexico and China.
Among the top 10 export destinations, the biggest decline was Indonesia (-39.69%) and the biggest increase was Mexico (300.85%).

Japan

in descending order according to weight of 2023

Hardware & Fastener Components - no.62/2024◢ Import
Japan P.C. Code 61705 All hand tools
Rank
1
2
3
4
5
6
7
8
9
10

Country2022 (JPY1,000) 2023 (JPY1,000)
World
182,610,797
165,501,513
China
68,268,224
57,887,386
Taiwan21,097,406
19,510,182
S. Korea
19,942,181
16,742,230
Thailand
9,402,278
9,559,877
Vietnam
1,516,880
7,313,396
Germany
1,377,687
11,234,004
USA
1,131,483
11,611,821
Indonesia
486,498
2,682,268
Switzerland
336,052
4,190,359
Philippines
320,757
1,087,390

Same Period Change-9.37%-15.21%-7.52%-16.05%1.68%
382.13%715.42%926.25%451.34%1146.94%
239.01%2022 (kg)
67,514,848
38,742,228
9,612,115
10,260,831
1,460,127
9,052,259
11,314,594
10,757,780
2,766,287
3,887,134
1,226,311

2023 (kg)
57,429,232
33,771,523
7,865,419
7,602,656
1,650,496
1,387,973
1,152,921
1,000,539
570,890346,707
293,890

Same Period Change-14.94%-12.83%-18.17%-25.91%13.04%-84.67%-89.81%-90.70%-79.36%-91.08%-76.03%							
◣ExportJapan P.C. Code 61511 All hand tools
Rank
1
2
3

098 惠達雜誌CountryWorld
USA
MexicoChina2022 (JPY1,000) 2023 (JPY1,000)
419,025,030
414,276,866
88,636,727
92,465,595
11,480,190
29,838,266
84,668,692
72,948,000

Same Period Change-1.13%
4.32%
159.91%-13.84%2022 (kg)
68,499,503
20,080,083
3,137,203
9,351,367

2023 (kg)
67,895,258
19,447,968
12,575,525
9,735,259

Same Period Change-0.88%-3.15%
300.85%
4.11%

Industry Focus >>
Rank
4
5
6
7
8
9
10

Country
S. Korea
India
Indonesia
ThailandTaiwanBrazilGermany2022 (JPY1,000) 2023 (JPY1,000)
24,068,711
22,607,849
16,861,378
18,140,848
14,129,429
11,220,406
30,817,297
26,903,063
23,040,190
18,510,124
3,361,598
4,550,086
21,672,225
24,050,668

Same Period Change-6.07%
7.59%-20.59%-12.70%-19.66%35.35%
10.97%

2022 (kg)3,827,459
3,379,587
4,726,743
3,891,954
1,860,643
403,999
1,457,924

2023 (kg)3,613,392
2,865,373
2,850,590
2,520,363
1,509,215
1,125,877
1,073,979

Same Period Change-5.59%-15.22%-39.69%-35.24%-18.89%178.68%-26.34%
Source: Ministry of Finance, Japan

BrazilIn 2023, Brazil imported about 17,000 tons of Hand Tools, Blow Torches,
Anvils (HS 8205), 14,000 tons of Interchangeable Tools for Hand Tools Or
Machine Tools (HS 8207), and 11,000 tons of Hand-Operated Spanners &Wrenches (HS 8204), up 11%, 9% and nearly 1% respectively over the same
period in 2022; Brazil exported about 5,863 tons of Interchangeable Tools forHand Tools Or Machine Tools (HS 8207), 2,058 tons of Hand Tools, Blow
Torches, Anvils (HS 8205), and 976 tons of Hand-Operated Spanners &Wrenches (HS 8204), down 3%, 23%, and 9%, respectively, from the same
period in 2022.
In terms of the import of HS 8204 (by weight), the top 3 import sourceswere China, India and Taiwan. Among the top 10 import sources, Hong
Kong showed the largest decline (-71%) and Japan showed the largest
increase (19%); the top 3 export destinations were Bolivia, Paraguay andArgentina. Among the top 10 export destinations, the largest decrease was
Bolivia (-24%) and the largest increase was Dominica (115%).

In terms of the import of HS 8205 (by weight), the top 3
import sources were China, India and Hong Kong. Amongthe top 10 import sources, the largest decline was Colombia(-52%) and the largest increase was China (14%); the top 3
export destinations were Bolivia, Peru and Paraguay. Amongthe top 10 export destinations, the largest decline was Saudi
Arabia (-81%) and the largest increase was Mexico (63%).
In terms of the import of HS 8207 (by weight), the top 3
import sources were China, Sweden and S. Korea. Among the
top 10 import sources, the largest decline was Sweden (-26%)
and the largest increase was Brazil (2779%); the top 3 export
destinations were Mexico, the U.S. and Argentina. Among the
top 10 export destinations, the largest decline was Argentina(-70%) and the largest increase was South Africa (3,383%).

Brazilin descending order according to weight of 2023

Rank
1
2
3
4
5
6
7
8
9
10

Rank
1
2
3
4
5
6
7
8
9
10

Rank
1
2
3
4
5

Country
World
China
India
TaiwanJapan
Italy
Germany
Netherlands
Hong Kong
USA
Spain

2022 (USD)
51,522,260
26,810,276
9,478,434
7,437,896
610,260
914,095
1,328,540
373,800
486,556
1,709,450
191,722

HS 8204 Hand-Operated Spanners & Wrenches
2023 (USD) Same Period Change (USD)
2022 (Kg)
49,801,562-3.34%
11,482,143
24,884,385-7.18%
6,986,785
8,677,929-8.45%
2,492,889
8,727,205
17.33%
781,337
617,876
1.25%
567,647
847,018-7.34%
174,819
1,440,359
8.42%
84,209362,510-3.02%
55,37069,197-85.78%133,060
1,885,791
10.32%
33,143
206,180
7.54%
31,7602023 (Kg)11,464,267
7,142,166
2,259,188
914,838
676,720
133,968
79,74446,85038,82833,83632,248Same Period Change (Kg)
0%
2%
-9%
17%
19%
-23%
-5%
-15%
-71%
2%
2%

Country
World
China
India
Hong Kong
TaiwanGermanyUSA
SwedenColombia
Netherlands
Italy2022 (USD)
74,040,475
45,799,383
1,519,739
962,663
3,100,216
4,853,413
5,596,730
1,012,792
385,899484,263996,969

HS 8205 Hand Tools, Blow Torches, Anvils
2023 (USD) Same Period Change (USD)
2022 (Kg)76,181,977
2.89%
15,381,732
46,532,883
1.60%
13,611,658
1,274,045-16.17%
491,534
934,080-2.97%
369,380
3,188,512
2.85%
272,923
5,463,625
12.57%
98,9395,446,822-2.68%
82,206
1,570,786
55.09%
68,375
192,158-50.21%133,023
761,89757.33%
60,526
1,119,291
12.27%
27,3102023 (Kg)
17,138,932
15,563,186
407,688
312,880
299,553
94,71872,31468,947
63,27862,65523,278Same Period Change (Kg)
11%
14%
-17%
-15%
10%
-4%
-12%
1%
-52%
4%
-15%

CountryWorld
China
SwedenS. Korea
BrazilUSA

2022 (USD)
223,479,067
78,390,056
17,466,638
16,178,568
882,933
23,183,716

HS 8207 Interchangeable Tools for Hand Tools Or Machine Tools
2023 (USD) Same Period Change (USD)
2022 (Kg)2023 (Kg)
247,314,307
10.67%
13,646,039
14,896,098
91,084,594
16.19%
9,332,114
10,664,995
18,911,280
8.27%
1,132,932
840,399
6,306,249-61.02%
1,095,320
653,334
1,735,142
96.52%
16,051
462,174
34,448,432
48.59%
337,837
414,744

Same Period Change (Kg)
9%
14%
-26%
-40%
2779%
23%

惠達雜誌

Hardware & Fastener Components - no.62/2024◢ Import099

Industry Focus >>
Rank
6
7
8
9
10

Country
Italy
TaiwanGermany
Japan
India

2022 (USD)
5,619,100
7,442,026
21,400,118
8,266,859
5,803,954

2023 (USD)
8,902,568
7,050,557
21,467,880
9,077,228
5,799,841

Same Period Change (USD)
58.43%-5.26%
0.32%
9.80%-0.07%

2022 (Kg)
183,799
165,940
225,704
107,065
113,195

2023 (Kg)
208,184
174,136
173,262
172,462
171,768

Same Period Change (Kg)
13%
5%
-23%
61%
52%

HS 8204 Hand-Operated Spanners & Wrenches
2023 (USD)
Same Period Change (USD)
2022 (Kg)
8,683,619-3.69%
1,077,494
2,004,587-21.49%357,7072,402,913
17.09%
239,768
1,206,986
41.20%
104,819
517,128-12.35%91,885
612,700
20.49%
55,602525,744-11.11%54,784
114,876
8.56%
12,917
112,596
9.55%
11,1722023 (Kg)976,079
271,911271,199
130,104
72,057
63,927
49,112
13,38011,795Same Period Change (Kg)
-9%
-24%
13%
24%
-22%
15%
-10%
4%
6%

◣Export
Rank
1
2
3
4
5
6
7
8
9
10

Rank
1
2
3
4
5
6
7
8
9
10

CountryWorld
BoliviaParaguay
Argentina
Peru
Uruguay
Chile
EcuadorMexicoDominican
Republic
Guatemala2022 (USD)
9,016,767
2,553,206
2,052,138
854,834
589,996508,519
591,460
105,818
102,776

CountryWorld
Bolivia
Peru
Paraguay
MexicoArgentina
Uruguay
Dominican
Republic
Saudi Arabia
Colombia
Ecuador2022 (USD)
18,176,662
1,735,835
1,836,902
2,296,080
429,749
1,490,389
769,520

CountryWorld
MexicoUSA
Argentina
Colombia
Netherlands
Paraguay
Chile
BoliviaSouth Africa
Sweden2022 (USD)
152,150,781
16,368,118
42,785,902
37,365,636
3,165,669
26,998,936
3,429,578
1,876,065
2,181,712
25,969609,763

48,765102,030109.23%

5,095

10,933

115%

106,267

96,581-9.11%

12,926

10,561-18%

HS 8205 Hand Tools, Blow Torches, Anvils
2023 (USD)
Same Period Change (USD)
2022 (Kg)
17,362,084-4.48%
2,665,317
1,770,592
2.00%
461,913
1,409,818-23.25%
558,6132,472,843
7.70%
334,111
1,146,011
166.67%
118,411
1,843,681
23.70%
126,514764,812-0.61%
113,1602023 (Kg)
2,058,376
382,771
365,655
332,389
192,436
147,362
102,883

Same Period Change (Kg)
-23%
-17%
-35%
-1%
63%
16%
-9%

356,020434,54222.06%

81,16992,452

14%902,237
362,428
453,464

187,281
383,469
426,834-79.24%
5.81%-5.87%

295,261
88,81460,33756,762
45,98345,483

-81%
-48%
-25%

HS 8207 Interchangeable Tools for Hand Tools Or Machine Tools

Hardware & Fastener Components - no.62/2024

Rank
1
2
3
4
5
6
7
8
9
10

2023 (USD)
139,024,168
27,413,024
51,610,242
12,167,342
3,760,021
21,514,912
3,386,883
1,292,284
1,665,478
190,943
722,405

Same Period Change (USD)
2022 (Kg)2023 (Kg)
Same Period Change (Kg)
-8.63%
6,018,965
5,863,477-3%
67.48%
876,2432,040,422
133%
20.62%
1,173,667
1,746,871
49%-67.44%2,518,286
758,477-70%
18.77%
372,201
548,78647%-20.31%
428,887284,740-34%-1.24%
134,716
120,818-10%-31.12%38,47565,52270%-23.66%
79,604
47,100-41%635.27%
1,099
38,2833383%
18.47%
33,82032,857-3%
Source: Ministry of Industry, External Commerce and Service of Brazil

Conclusions
Looking at the performance of the top 3 trade partners in eachregion, we can observe a few trends:
The U.S. : reduced import and increased export
Japan : reduced import and increased export
The EU : reduced import and export
Taiwan : reduced import and export
Brazil : no significant trend of increase or decline
It is worth noting that the U.S. and Japan's fastening tool export
growth is clearly concentrated in Mexico.

100

惠達雜誌

Affected by the general environment and the impact of
relevant external factors, the global import demand for fastening
tools generally declined; however, the economy is continuously
fluctuating, so it is estimated that in the future, after the bottoming
out of various industries and the subsequent rebound, the resulting
cascade effect should be able to synchronize the demand forfasteners and fastening tools.
Copyright owned by Fastener World
Article by Gang Hao Chang, Vice Editor-in-Chief