What are Fasteners?
Fasteners are essential components in multiple industries including construction, manufacturing, and automotive sectors. They are categorized based on material composition and use.
Key classifications include:
Iron or Steel Fasteners (Chapter 73)
- 7318: Screws, bolts, nuts, coach screws, rivets, cotter pins, and washers.
- 731811: Coach screws and machine screws.
- 73181200: Wood screws.
- 73181300: Screw hooks and rings.
- 73181400: Self-tapping screws.
- 73181500: Other screws and bolts.
- 73181600: Nuts.
Copper Fasteners (Chapter 74)
- 7415: Copper nails, screws, bolts, nuts, and washers.
- 741533: Copper screws, bolts, and nuts.
Quick Reference Table for Fasteners
| HS Code | Description | Tariff Rate |
|---|---|---|
| 7318 | Iron/Steel Fasteners | 5% |
| 731811 | Coach Screws | 4% |
| 73181200 | Wood Screws | 4% |
| 73181300 | Screw Hooks and Rings | 4% |
| 73181400 | Self-Tapping Screws | 6% |
| 73181500 | Other Screws and Bolts | 5% |
| 73181600 | Nuts | 5% |
| 7415 | Copper Fasteners | 3% |
| 741533 | Copper Screws, Bolts, Nuts | 3% |
Applications and Examples
Fasteners play a critical role across various industries due to their versatility and durability. Here are the key applications and examples for each HS Code category:
- Construction Industry:
- Examples: Coach screws, bolts, and self-tapping screws for building frameworks and structural integrity.
- Automotive Sector:
- Examples: Machine screws, rivets, and nuts used in vehicle assembly and repair.
- Aerospace Industry:
- Examples: Copper fasteners and precision bolts for aircraft manufacturing and maintenance.
- Manufacturing:
- Examples: Wood screws, washers, and cotter pins for machinery assembly and production lines.
- Home Improvement and DIY Projects:
- Examples: Wood screws, screw hooks, and rings for furniture assembly and home repairs.
Emerging Trends While Procuring Fasteners
- Sustainable Sourcing: Growing demand for eco-friendly fasteners made from recycled materials.
- Advanced Coating Technologies: Improved corrosion resistance using nano-coatings.
- Customization & Precision: Increase in demand for custom fasteners for specific industrial needs.
- Digital Procurement Platforms: Rise of online B2B marketplaces for easier bulk purchasing.
Key Trade Statistics (2022)
Top Exporters of Fasteners
| Country | Export Value (Billion $) |
| China | 25.5 |
| Germany | 18.3 |
| Japan | 12.7 |
| United States | 10.4 |
| Italy | 9.8 |
Top Importers of Fasteners
| Country | Import Value (Billion $) |
| United States | 22.1 |
| Germany | 14.5 |
| France | 11.2 |
| India | 9.0 |
| Brazil | 7.8 |
Fastest Growing Exporters (2021-2022)
| Country | Growth (Billion $) |
| China | 3.2 |
| India | 2.5 |
| Vietnam | 2.0 |
| Turkey | 1.8 |
| Poland | 1.6 |
Fastest Growing Importers (2021-2022)
| Country | Growth (Billion $) |
| United States | 4.2 |
| India | 3.8 |
| Brazil | 2.7 |
| South Korea | 2.5 |
| Indonesia | 2.1 |
FAQ Section
1. What are the key HS codes for fasteners?
HS Codes 7318 for iron/steel fasteners and 7415 for copper fasteners cover screws, bolts, nuts, washers, and similar products
2. What documents are required for importing fasteners?
Required documents include a commercial invoice, certificate of origin, bill of lading, and packing list.
3. Are there restrictions on importing fasteners?
Certain countries impose anti-dumping duties or quality compliance standards.
4. What factors influence fastener pricing?
Material composition, coating technologies, and supply chain logistics impact pricing.
5. How can I find the correct tariff rates for fasteners?
Refer to the tariff rate table above or consult the national customs authority.
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