According to statistics, in the first half of 2023, China's Taiwan nut exports declined by 22.78% compared with the same period last year, of which exports to the United States declined by 33.34%, with a total weight of only more than 44,000 metric tons. The export of hand tools in the first half of 2023 was 21.51% lower than the same period last year, and the export to the United States was 33,816 metric tons, which was also 22.94% lower than the same period last year.
Those who understand the US economy said that the US economy seems to be recovering, but from May to June there were more than 500,000 new non-farm employment, and a large part of the reason is to reduce the unemployment rate "hard" job vacancies, the actual job market is not optimistic, the domestic market is not high, if coupled with the low exchange rate of the RMB against the US dollar impact. That would naturally hit Taiwan's steel sales to the United States.
The industry pointed out that compared with exports to the United States, the degree of recession of nuts or hand tools sold to Europe is smaller, and the price growth rate is higher, it is better to lock in Europe to receive orders.
