Jiaxing Fastener Exports Continue to Drop in Q1
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| Exhibition Info
Exhibition Name: Jiaxing Fastener Exports Continue to Drop in Q1
| Exhibition introduction

The fastener imports and exports of Jiaxing city reached $209 million in the first quarter of 2013, with exports down 0.75% to $204 million and imports decreased 18.02% to $5 million.

Jiaxing Fastener Exports Highlights:

1.Exports to EU and US decreased while to the emerging markets increased. The U.S. and EU continued to be the main consumers of Jiaxing’s fasteners, importing 40.69% of Jiaxing’s fasteners to $83 million in the first three months. However, exports to EU declined 11.82% year-on-year to $38 million, and to U.S. fell 22.94% to $45 million. On the contrary, exports to Russia, Saudi Arabia, Chile and the like emerging markets presented a considerable increase.

2.The number of big exporters dropped. There were only 7 companies with the export value exceeding $5 million, compared with 11 ones in the same period of last year.

3.The general trade is still the main way to export fasteners. The export value by general trade in the first quarter totaled $191 million, up 2.08% over the same period of last year. The total export value by this way took up 93.58% of Jiaxing’s fastener exports.

4.Export volume grew while price declined.
The fastener export volume of Jiaxing city in the first quarter rose 7.92% to 154351 tons, with export value down 0.75% to $204 million. The average export price in the first quarter fell 8% to $1322/ton from $1440/ton in the same period of last year.

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