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Explore Russian Market: Fasttec 2010 Report (2)
According to Russian State Statistics Committee and Russian Federal Customs Administration, the Russian import and export of fasteners show an increasing trend with an annual growth of more than 20% since 2003. And the total volume for the past two years reached more than 250,000 tons respectively, 30% of which was imported from China, the largest supplier of fasteners to Russia. Other major suppliers include China Taiwan, Ukraine, Thailand, Poland, Germany, etc. Therefore, there is great development potential in Russian markets for Chinese enterprises.
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