The fastener imports and exports of Jiaxing city dropped 5.72% year-on-year to $989 million in 2012 with exports down 5.79% to $964 million and imports down 0.78% to $25 million. The fastener exports fell 11.7% to $229 million in the fourth quarter of 2012. The export situation was not positive due to the European debt crisis, global economic gloom, the hike of material prices and labor cost, and difficulties in fund-raising.
Jiaxing Fastener Exports Highlights:
Exports to EU fell while to Russia and US increased (…)
