Plastic Waste and Scrap Exports Dipped Over 20%

SEATTLE (Scrap Monster): The latest U.S. Census Bureau data suggests significant decline in exports of scrap plastic by the country during the initial two-month period of the current year, compared to the corresponding period in 2019. The imports of the material too recorded marginal decline over the previous year.

The U.S. exports of plastic waste and scrap have declined by more than 20% year-on-year in Jan-Feb ‘20. The exports through February 2020 were valued at $37.04 million, as compared with $46.8 million from January to February in 2019.

The top destination of exports was Canada. The exports to that country recorded decline by 11.62% over the previous year to total $9.68 million. Canada accounted for over 26% of all shipments of scrap plastic by the U.S during this period. The second largest importer was Malaysia, whose imports totalled $4.37 million. In third place was Hong Kong with $3.56 million worth of imports from the U.S. The other key foreign markets were Mexico ($2.94 million) and Vietnam ($1.99 million). The above countries together accounted for more than 60% of the total shipments of plastic scrap by the U.S. during the first two months of the year.

The U.S. imports of plastic waste, scrap saw marginal decline by 0.15% in Jan-Feb ’20 to $39.5 million. The top five sources of import were Mexico ($12.78 million), Canada ($8.65 million), Honduras ($3.1 million), Japan ($2.49 million) and Thailand ($1.9 million).

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