Census Bureau Posted 18% Dip in Copper Scrap Exports

SEATTLE (Scrap Monster): The exports of copper waste and scrap by the U.S. registered sharp decline during the initial six-month period of the current year, says latest trade data published by the U.S. Census Bureau. The country exported $1.2 billion worth of scrap copper during this period, down by 18.45% when compared with the exports of $1.47 billion during Jan-June ‘19.

China continued to be the primary export destination of copper waste and scrap from the U.S. The exports to that country dipped by nearly 30% during this period. China accounted for approximately 16% of all shipments by the U.S. in the first half-yearly period of the year. The second largest importer was Canada, whose imports from the U.S. were valued at $148.6 million, registering nearly 6% decline year-on-year. With around 12% market share, South Korea emerged as the third favourite destination of U.S exports.

Meantime, the data through June 2020 suggests over 42% decline in U.S. imports of copper waste and scrap. The country imported $205.29 million worth of material, as compared with the imports of $356.1 million in the corresponding six months in 2019.

The top five sources of import were Canada ($115.96 million), Mexico ($73.43 million), Dominican Republic ($2.65 million), Costa Rica ($2.09 million) and Colombia ($1.87 million). Almost 95.48% of all copper scrap imports to the U.S. were from the above five countries. The combined imports from these countries totalled $196.01 million.

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