According to customs statistics, in July 2011, China's steel or copper standard fastener exports amounted to US$462 million, up 31.3% year-on-year, 8.9% quarter-on-quarter, and export volume was 252,000 tons, up 13.9% year-on-year. The growth rate was 6.0%, and the average export price was US$1,836/ton, up 15.3% year-on-year and 2.7% quarter-on-quarter.
Overview of export of steel or copper standard fasteners from January to July 2011. From January to July 2011, the export value of China's steel or copper standard fasteners was 2.665 billion US dollars, up 39.6% year-on-year, and the export volume was 1.504 million tons. The year-on-year growth was 20.8%, and the average export price was US$1771.5/ton, up 15.6% year-on-year. Compared with the same period of 2010, the export growth rate of China's steel or copper standard fasteners decreased by about 5 percentage points year-on-year, and the growth rate of export volume decreased by about 25 percentage points. In terms of export value, the United States, Russia and Japan are the main export markets for China's steel or copper standard fasteners. From January to July 2011, China exported US$474 million to the United States, an increase of 38.1% year-on-year. It exported US$198 million to Russia, an increase of 81.7% year-on-year, and exported US$172 million to Japan, an increase of 22.3%. From January to July 2011, the US market share was 17.8%, which was basically the same as in the same period of 2010. Russia increased from 5.7% to 7.4%, and Japan decreased from 7.4% to 6.5%. The export value of the top 10 export markets totaled 1.389 billion US dollars, accounting for 52.1% of China's total exports of steel or copper standard fasteners from January to July.
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