The development competition and dependence of fasteners in China and Japan coexist

Affected by the financial crisis in 2009, the total export of fasteners in Japan in 2009 was 191.939 billion yen, a year-on-year decrease of 29.4%, and the total amount of imports was 53.382 billion yen, a decrease of 40% year-on-year. Exports of steel bolts, which accounted for 44% of total fastener exports, decreased by 20%, nuts that accounted for 21% fell by 28%, and other small screws (12%) fell by 29.3%. In terms of imports, the most imported steel bolts were also 28%, followed by nuts, stainless steel bolts, and stainless steel nuts. Among them, China is the largest importer of Japanese fasteners and the largest exporter, followed by the United States and Thailand.

The financial crisis in 2010 gradually subsided, and the Asian economy has led the recovery of the global economy. The export situation of China fasteners in the first half of 2010 was excellent. The amount of fasteners exported to Japan has also increased. According to the latest data from the Jiaxing Fasteners Import & Export Enterprises Association, from January to April 2010, only Jiaxing fasteners exported to Japan amounted to 57.2561 million US dollars, and the import amount was 41.097 million US dollars.

In addition, many fastener companies in Japan have shown signs of recovery in the first half of 2010. In order to save costs, there has been an upsurge in building factories in China.

It can be seen that the fastener competition between China and Japan in the future is quite fierce. However, this may be a big opportunity for China's fastener companies. Competition will help upgrade our fastener products. In addition to the high-tech and innovative awareness of Japanese companies worth learning, there are many places in Japan that we can learn from.