Unstable Politics in Italy May Influence Taiwan’s Fastener Export to Italy

Taiwan’s fastener export to Italy has continuously demonstrated 2-digit growth since the beginning of 2018 (whether it is calculated in volume or in value). According to the statistics of Taiwan Customs, in 2017 Italy was the 7th largest destination for Taiwan’s fastener export. Italy bought 38,815 tons of fasteners from Taiwan in the same year and the average price was US 2.51 per KG. In the first 4 months of 2018, Taiwan exported 13,180 tons of fasteners to Italy, up 17.46% from 2017 and the average price was USD 2.67, up 15.01% from 2017.
 
However, the politics in Italy seems to be quite unstable currently, some experts worry that it may influence the economic development of Italy. As a result, whether there will appear growth in Taiwan’s fastener export to Italy in H2 2018 still remains unclear.