According to China Customs Statistics: in the first half of 2016, China's fastener exports totaled 1 million 328 thousand tons, down 2.6% compared to last year; the amount of exports was $2 billion 280 million, down 6.1% compared to last year. By the EU anti-dumping and multiple factors, the first half of this year, China's exports of fasteners and export volume appears to be both landing trend.
China fastener import and export environment in the first half of 2016
From a global point of view, China fastener exports amount of five countries (or regions) are the United States, Japan, Russia federal, the United Arab Emirates, South Korea, which exports to the United Arab Emirates, the average unit price was the highest, which was about $1965 / ton; from the domestic point of view, China fasteners export amount of the top five areas are Jiaxing, Zhejiang, Ningbo, Zhejiang, Zhejiang Haiyan, Shanghai, Shenzhen, Guangdong, mainly concentrated in the developed fastener industry area.
In the first half of 2016, China's imports of fasteners was 142 thousand tons, unchanged from last year, imports amounted to 1 billion 370 million U.S. dollars, down 3.6% compared to last year.
From a global point of view, China fasteners imported amount of five countries (or regions as Japan, Germany, the United States, South Korea, Taiwan, Penghu, Kinmen and tariff zone. Imports from the United States, the highest average price of about 12960 U.S. dollars / ton. From the domestic point of view, China fasteners import amount of the top five areas are Guangdong Shenzhen, Changchun, Shanghai Pudong New Area, Shanghai Jiading, Shanghai Wai Waigaoqiao Free Trade Zone.
We can see from the above data, in recent years, China's fastener industry, although growing strong, but with Japan and South Korea and other developed countries, such as the virtues of the gap still exists, the product is far below the added value.
Foreign capital to enter the high-end manufacturing industry, the domestic will bring the impact of replacement, but also will bring a complementary impact. The replacement effect is a challenge for our own development, but should see more complementary time. Like China's high speed rail and home appliances have experienced this process, but also to achieve the technology over the growth. Therefore, the high-end manufacturing industry can attract a large number of foreign capital, is the performance of China's economic transformation and upgrading.