I. The total import and export volume of China's fastener industry increased, and the trade surplus gradually increased

From 2015 to 2019, the total import and export volume and trade surplus of China's fastener industry are on the rise. Among them, in 2019, the total import and export volume of China's fasteners was US $9.376 billion, a year-on-year decrease of 4.39%; the trade surplus was US $3.698 billion, a year-on-year increase of 9.83%, which was mainly due to the fact that the decrease in import volume was far greater than that in export volume. In 2019, China's total import of fasteners is 2.839 billion US dollars, and its total export is 6.537 billion US dollars.

2、 The export scale of China's fastener industry expanded as a whole

In terms of export volume, China's fastener export volume showed an overall upward trend from 2015 to 2019, of which, the export volume in 2018 was US $6.59 billion, the highest level in recent years; the export volume in 2019 was US $6.54 billion, a year-on-year decrease of 0.7%. By the end of January November 2020, China's fastener export value has reached 7849931000 US dollars (7.85 billion US dollars), with a cumulative growth of 8.1%.

In terms of export volume, according to customs data, China's fastener export volume is on the rise from 2015 to 2019, of which, in 2018, China's fastener export volume was 3.29 million tons, the highest in recent years. In 2019, China's fastener export will reach 3.17 million tons, a year-on-year decrease of 3.65%. By the end of January November 2020, China's fastener export volume has reached 3666156 tons, a cumulative decrease of 3%.

3、 The import scale of China's fastener industry is relatively stable

In terms of import volume, from 2015 to 2019, China's import volume of fasteners is relatively stable, both above US $2.8 billion. According to the customs data, the import amount in 2018 was US $3.22 billion, the highest value in recent years; the import amount in 2019 was US $2.84 billion, a year-on-year decrease of 11.83%.

In terms of import volume, according to customs data, China's import volume of fasteners fluctuated from 2015 to 2019, with 267000 tons in 2019, a decrease of 15.65%.

4、 The import and export structure of China's fastener industry is unbalanced, and the industry is in urgent need of transformation and upgrading

In recent years, the trade surplus of China's fastener manufacturing industry is gradually expanding, and the overall foreign trade situation is improving. However, the imbalance of import and export product structure of fastener industry still exists. Because there is still a big gap between developed countries and their products in terms of competitiveness, specialization and technical level, they will still be in the stage of exporting low-end products and importing high-end products for a long time.

The domestic fastener production is still dominated by low-grade products. A small part of high-grade, high-precision and high-strength fasteners still need to be imported. There is a big gap with the United States, Japan, South Korea and Taiwan. Moreover, there is a lack of technical services to solve the mechanical fastening scheme, realize the digitization of product, design, manufacturing and management, green product and manufacturing process, and promote the development of the industry It is urgent to transform and upgrade.

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