After decades of accumulation and steady improvement, China's furniture hardware industry is now the largest country in the world, and its exports are increasing steadily every year.
Among them, the larger export is tool products, amounting to $5.34 billion, followed by construction hardware, at $4.34 billion. Faucet exports $2.23 billion and locks $680 million.
The countries with more exports are the United States, Japan, Europe and South Korea. The annual export of China's hardware industry is growing at a rate of about 8%.
Last year, exports of furniture hardware exceeded $5 billion, ranking third in light industry exports. Due to the improvement of China's hardware manufacturing level and the expansion of production capacity, it is expected that China's hardware products will still maintain a steady growth of more than 10% per year in the next five years.
In the first 10 months, the import and export value of China's hardware and machinery products exceeded 500 billion US dollars. The surplus further expanded to US $7.06 billion, accounting for 64% of the national trade surplus in the same period.