As the largest export market of China's fasteners, the United States still ranks first in the list of China's fasteners export market, despite the relatively weak demand of the United States in 2013. From January to November 2013, China exported 450,000 tons of fasteners to the United States, with a total value of $823,042,162. In the export-oriented fastener industry in Taiwan, the us also overtook the eu market and became the largest export market in Taiwan, with a year-on-year growth of 1.76%. It can be seen that the potential of the us fastener market is huge. In 2014, with the gradual improvement of the us economy, China and Taiwan's exports of fasteners to the us will increase significantly.
The eu has long been a major market for Chinese fastener exports, accounting for about a third of the total. Affected by the European debt crisis in 2013, the growth of China's fastener exports to the eu slowed down. In the first half of 2013, jiaxing's fastener exports to the eu dropped 24.2 percent year on year. From January to November 2013, China's fastener export market ranked only three eu member states -- Germany, Britain and Italy, with exports of 58,000 tons, 36,000 tons and 32,000 tons respectively.
In the future, with the gradual recovery of the eurozone economy, the proportion of Chinese fastener exports to the eu is expected to increase significantly in 2014. In addition, the unique huge demand and mature trade environment advantages of the European market, for many Chinese fastener export enterprises, its charm and potential is not replaced by other markets.
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