Taiwan Fastener Export to Europe Rebounds to a Positive Growth This April

     Although Taiwan’s fastener export to the EU dropped in Q1 2019, it bounced back to a positive growth in April. Take its export to Germany in April for example, the amount reached 12,541 tons, up 8.76% from the corresponding period last year, followed by the UK (5,086 tons, up 14.8%), France (2,604 tons, up 42.8%), and Spain (2,120 tons, up 12.5%). The cumulative export to the UK in the first 4 months reached 20,141 tons, up 10.6% from the corresponding period, which can be mainly attributed to the lower export amount in the corresponding period last year. On the other hand, the most significant drop was seen in Taiwan’s export to Italy, down 13.04%.  

     Compared to the corresponding period last year, countries showing the declining import from Taiwan in the first 4 months of 2019 are Poland (11,282 tons, down 1.91%), France (9,191 tons, down 3.09%), Spain (8,074 tons, down 6.1%), Belgium (6,057 tons, down 10.5%). In conclusion, Taiwan’s export to the EU in April 2019 bounced back to a positive growth, but if viewed from the cumulative 4 months in 2019, its export was still trending downward.