Taiwan Fastener Ind. Sees Exports Hit New High of NT$31B. in Q3, 2011

Resource from: Tiny Likes:2954

Mar 05,2012

Despite the European debt crisis, anemic American economic recovery, and disrupted car-making and PC sector after the earthquake in Japan last March, Taiwan’s fastener industry produced NT$33 billion of various items in the third quarter of 2011 for a 3% increase from a quarter ago, with NT$31 billion of which exported to hit an all-time high, according to statistic compiled by the Metal Industries Research & Development Center (MIRDC). The industry finished the first nine months with output of NT$94.3 billion, up 17% compared to a year ago, and exports and imports of NT$87.7 billion and NT$3.3 billion, respectively, up 17% and 15% year-on-year, with export price averaging NT$81 per kilogram and local demand for fasteners growing to NT$9.9 billion for a 16% growth. The MIRDC report shows that the U.S. imported 34% of Taiwan’s fastener exports as the largest buyer in the first three quarters, trailed by Germany (10%), the Netherlands (6%), Japan (6%) and the U.K. (4%), with Japan paying on average NT$97 per kilogram as the highest compared to others. Taiwan also imported NT$3.3 billion of fasteners, including NT$1.2 billion imported in the third quarter alone, with Japan, the U.S., China, Germany and the Philippines among the top-five suppliers accounting for 53%, 10%, 9%, 6% and 4% shares, respectively, in the last three quarters of the year.

(Tiny)

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