News 

According to the statistics of Taiwan Industrial Fasteners Institute (TIFI), Taiwan’s fastener export volume in 2018 was up to 1.68 million tons (up 5.25% from the same period of 2017) and the export value was US$ 4.846 billion in 2018 (up 12.75% from the same period in 2017). The average price per KG increased by 7.13% to US$ 2.884/KG. TIFI noted that the economic recovery in USA and Germany, the increase in the average price and stable material supply are all main reasons for Taiwan’s record-high fastener export in 2018. The top one fastener export destination of Taiwan in 2018 was USA, followed by Germany (showing around 2% growth from 2017). Up to 41.5% of Taiwan’s fasteners were exported to USA in 2018 (up 7.12% from 2017).