Fastener Exports of Hong Kong Drop 6.56% to 28,720 Tons in 2012

In 2012, the fastener export amount of Hong Kong slightly dropped 6.56% to 28,720 tons, increasing 3.26% to USD 386.043 million in value. The increase of exports reflects the increase of costs. On the other hand, the appreciation of RMB pushes the export prices upward. China is still the largest export destination for Hong Kong (53% of the total export amount and 68% of the export value are to China)

Fastener imported from Hong Kong continued to be stable in 2012. The import amount increased 4.62% to 47,584 tons whereas the import value declined 1% to 324.3386 million. China is the main supplier, representing 77% of the total amount, followed by Taiwan (10%) and Japan (4%).