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Metal Recycling News November 08, 2017 12:30:10 PM

71% Jump Reported in Imports of Copper Waste and Scrap by the US

Paul Ploumis
ScrapMonster Author
The top exporter of copper waste and scrap to the US was Canada. The imports from Canada totaled $371.8 million, accounting for approximately 68% of total imports.
71% Jump Reported in Imports of Copper Waste and Scrap by the US

SEATTLE (Scrap Monster): According to the latest trade statistics published by the US Census Bureau, the country has reported considerable jump in imports of copper waste and scrap into the country during the initial nine months of the current year. The imports surged higher by 71% over the previous year. Meantime, exports of copper waste and scrap too rose sharply by 22% year-on-year.

The imports of copper waste and scrap registered notable increase during the first nine months of 2017. The imports were up sharply by 71% to total $550.38 million during this period. The imports were valued at $321.61 million during the corresponding nine-month period in 2016. It must be noted that the imports were valued at $458.38 million during the whole year 2016.

The top exporter of copper waste and scrap to the US was Canada. The imports from Canada totaled $371.8 million, accounting for approximately 68% of total imports. The imports from the Mexico and Venezuela totaled $129.9 million and $9.3 million respectively. Panama ($6.6 million) and Colombia ($5.2 million) were the other leading exporters of copper waste and scrap to the US. The total shipments to the US by the above five countries accounted for nearly 95% of the total imports by the US during Jan-Sep ‘17.

Buffalo, Detroit, El Paso, Laredo and Port Huron, Mich. emerged as the top five Customs districts, by value of imports. The cumulative imports by the top five Customs districts amounted to $464.44 million and accounted for over 84% of all copper waste and scrap imported by the country.

The copper waste and scrap exports by the US soared by 22% over the previous year to total $1.98 million during the first nine months of 2017. The top five markets for US copper waste and scrap exports were China, Canada, Germany, South Korea and Japan. The exports to the above five market destinations totaled $1.69 billion and accounted for 85% of all copper waste and scrap exports by the US through September this year.

China emerged as the largest importer of copper waste and scrap from the US with imports totaling $1.21 billion, accounting for nearly 61% of the total US shipments. The exports to China surged higher by 24% over the previous year. The imports by Canada totaled $218.8 million, rising sharply by 54% from the year before. In third place was Germany with imports from the US amounting to $106 million. The country registered 18.46% jump in import volumes over the previous year. The exports to South Korea and Japan totaled $89.0 million and $70.0 million respectively.

Among Customs districts, Los Angeles accounted for nearly one-third of all shipments, followed by New York City and Norfolk with market shares of 14.78% and 7.07% respectively. The other ports to feature in the top-five list were Detroit and San Francisco. These five Customs districts accounted for 63% of exports of copper waste and scrap from the US during Jan-Sep ’17.

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