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China’s Fastener Production Increased 5.88% in 2014
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2015-03-17
According to the data released by China General Machine Components Industry Association (CMCA), in 2014 the total production of Chinese fastener industry steadily grew to approx. 7.2 million metric tons (a 5.88% increase over the same period in the previous year) and the total sales grew 5.2% over the same period of the previous year to CNY71 billion (about USD11.6 billion). 2.8 million metric tons of the production were for exports, generating the revenue of USD5.28 billion. Below are the data released by Chinese Customs.
| China’s Fastener Exports in 2014 (by Country/Region) | |||
| Rank | Country/Region | Export (KG) | Export (USD) |
| 1 | USA | 600,119,935 | 1,059,124,872 |
| 2 | Japan | 145,808,632 | 309,843,515 |
| 3 | Russia | 207,015,039 | 270,495,746 |
| 4 | Hong Kong | 35,199,606 | 185,606,382 |
| 5 | South Korea | 107,191,848 | 169,643,070 |
| 6 | Germany | 76,149,329 | 147,936,300 |
| 7 | Australia | 73,065,304 | 145,851,180 |
| 8 | UAE | 86,273,515 | 134,137,033 |
| 9 | Vietnam | 35,672,424 | 132,629,612 |
| 10 | Singapore | 47,254,140 | 115,493,996 |
| 11 | Brazil | 70,407,175 | 114,233,612 |
| 12 | India | 60,538,725 | 113,162,314 |
| 13 | Canada | 60,808,239 | 99,139,254 |
| 14 | Saudi Arabia | 65,330,812 | 98,500,608 |
| 15 | UK | 45,429,293 | 94,991,612 |
| 16 | Mexico | 50,683,420 | 92,600,050 |
| 17 | Malaysia | 46,885,795 | 91,471,936 |
| 18 | Thailand | 38,554,405 | 89,867,423 |
| 19 | Iran | 51,062,960 | 84,687,836 |
| 20 | Italy | 41,515,399 | 79,774,197 |
| Total (Global) | 2,778,854,892 | 5,070,198,998 | |
