Exports of fasteners (screws and nuts) to Europe and the United States significantly recovered from January to October 2021

2021-11-26

Taiwan is the world's third largest exporter of fasteners. During 2021, the recovery of global economic activities and the sharp rise of steel prices have boosted exports of Taiwan's fasteners. Between January and October 2021, the export value increased by 33.2%.

The United States and the European Union are the top two export markets of Taiwan's fasteners, accounting for nearly 70% of our total fastener exports. As the U.S. and the EU continue to remove restrictive measures, the recovery of infrastructure, automobiles, construction, and DIY repair industries has accelerated, thereby driving a rise in demand.

The technology of Taiwan's fastener production is advanced and durable in quality, while enjoying the advantage of industrial clusters. Taiwan's factories utilize smart and automated production, as well as develop fasteners of high value for the automotive, aerospace, rail, and dental care sectors. Hence, the exportation of our fastener products to Europe and the U.S. is expected to continue growing.

CTR:427