Industrial Fasteners Institute

VIII. Valuation of Exports 1956-1963

In 1956, Japan exported 15,173 metric tons having an FOB Value
of $5,030,000. This reduces to about 18.4¢ per pound. In 1963,
Japan exported 69,212 metric tons having a value of $19,924,000.
This has a value of approximately 15.9¢ per pound. These figures
reflect a drop of 2.5¢ per pound of exported product for the
period.

IX. Advanced Mechanical Fasteners

In 1964, Japan produced 28,300 metric tons valued at $15,800,000
having a value of approximately 31¢ per pound. In the same year
United States exports to Japan were 90¢ per pound. The commence-
ment of Domestic Production in 1962 of the F 104 jet fighters
under United States license has been the major cause for increased
fastener imports into Japan. It is estimated that nearly 70% of
the imported fasteners are consumed by the Aircraft Industry, for
both domestic manufacture and repair of aircraft owned by air-
lines, and planes maintained by the United States Air Force in
Japan.

Prepared by:

Industrial Fasteners Institute 1505 East Ohio Building Cleveland, Ohio 44114

Product

$
1966

Average growth rate of Domestic Fastener
Production in Japan for the period 1961-1966
is 16.96% annually; therefore, it is esti-
mated that in 1967, Domestic Production was
$280,554,000 and in 1968 it reached a level
of $328,154,000.

United States imports from Japan in 1967 were $36,538,000 or 13% of total Domestic Production.

In 1968, total United States imports from Japan were $37,630,000 or an estimated 12% of Domestic Production.

FAIR INTERNATIONAL TRADE

USA

JAPAN

Exhibit VII

A consideration of these statistics clearly illustrates the growing unfavorable trends in fastener trade between Japan and the USA: