Russia is the second largest exporter of fasteners in China

So far, there are more than 10,000 fastener companies of all sizes in China. From the perspective of the amount of fastener exports in the first half of this year, foreign-invested companies dominated the market, and foreign-owned enterprises and foreign joint ventures accounted for about 30% of the total export value. Although from the current point of view, the fasteners in our country are growing at a rapid rate, it should be noted that the proportion of foreign-funded enterprises' products is still relatively large. Among the export figures, a large part of the products come from the joint venture's production base in the mainland. . It is understood that Russia is the second largest export market for fasteners in China, and the share of fasteners in the Russian market is also rising. In 2011, China’s fasteners exported to Russia reached 216,393 tons, a year-on-year increase of 27.3. %, the export value reached 309,521,705 US dollars, an increase of 47.1%. The arrival of the new Putin era is also a good news for the fastener industry. Together with the official approval of Russia for accession to the WTO at the end of last year, tariffs are expected to be lowered and the trading system is more transparent. We think this will help. China's fastener companies further tapped Russia.