Exports of Nickel Waste and Scrap by the US Surged 21% in 2017

SEATTLE (Scrap Monster): The US shipments of Nickel waste and scrap increased considerably during the entire year 2017. The latest trade statistics published by the US Census Bureau suggests 21% surge in export volumes during the year. Meantime, the country’s imports of nickel waste and scrap too increased sharply by 50% in 2017.

As per data, the exports totaled $121.13 million in 2017. This is higher by 21% when compared with the imports during the year before that. The US exports of nickel waste and scrap had totaled only $100.05 million during 2016.

The largest export destination was Canada. The country received nearly 77% of total exports by the US. The exports to Canada totaled $92.8 million during the year, recording a jump of more than 47% over the previous year. The exports to the UK declined sharply by nearly 38% over the previous year to total $5.4 million. The third largest importer was Japan. The imports by that country dropped sharply by 48% to total $4.8 million tons. The other major countries to receive significant volumes of nickel waste and scrap were Sweden ($4.09 million) and Australia ($3.78 million).

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Meantime, imports of nickel waste and scrap by the US have surged higher by 50% during the year. The imports totaled $214.25 million in 2017. It must be noted that the country had received only $142.96 million worth of the material during 2016.

The top suppliers to the US were the UK, Canada, Germany, Mexico and China. The shipments by the UK accounted for nearly 23% of the total US imports, totaling $50.2 million. The imports from Canada rose sharply by 38% to total $27.1 million. Germany too reported marginal jump in export volumes of nickel waste and scrap to the US during the year. The imports from Mexico and China were valued at $17.98 million and $17.96 million respectively.

The imports from the above top five countries accounted for 62% of the total imports by the country. The combined imports from these five sources totaled $133.53 million out of the total $214.25 million.