Taiwan Fastener Export to Germany Down for 2 Consecutive Months After Setting a Historical Record

Following a historical record of monthly export volume, Taiwan fastener export to Germany has decreased for 2 months in a row, down to below 13,000 tons this July, but in contrast the price has risen during the 2-month period. In the first 7 months of 2018, Taiwan fastener export to Germany broke 90,000 tons, up 6% over the previous period, and the export price to Germany hiked 17% which is the largest growth margin compared to the price to other countries.
 
Taiwan fastener export to Germany reached 15,557 tons in May, setting a new monthly record in history, but dropping to 13,321 tons in June and again to 12,748 tons in July, up 3.01% over the previous period and down 4.29% from June, marking a downward trend in export volume for 2 consecutive years. 
 
In the first 7 months of 2018, Taiwan exported a total of 90,613 tons to Germany, up 6.09% over the previous period, and the average export price was USD 2.929/kg, up a significant 17.1%. For Taiwan fasteners, Germany is the top export destination in Europe and the second largest destination (following the U.S.) in the world. Judging from the record of July, the growth margin of export volume to Germany was bigger than the margin (5.65%) of total export volume to the world.