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Metal Recycling News August 10, 2020 05:10:30 PM

U.S. Exports of Aluminum Scrap Posted Notable Decline

Paul Ploumis
ScrapMonster Author
The primary importer of aluminum scrap from the U.S. was South Korea.

U.S. Exports of Aluminum Scrap Posted Notable Decline

SEATTLE (Scrap Monster):  The most recent trade statistics released by the U.S. Census Bureau indicates that exports of aluminum scrap registered notable decline during the initial six-month period of the current year. The exports were valued at $957.35 million during this period, significantly lower by 18.25% when matched with $1.17 billion during the corresponding six-month period in 2019.

The primary importer of aluminum scrap from the U.S. was South Korea. The value of exports to that country totalled $174.42 million, accounting for nearly 18% of the total U.S. shipments. Meantime, the South Korean imports from the U.S. recorded notable surge by nearly 11%, compared with the previous year. In second place was Malaysia, with imports valued at $161.91 million. The imports by Malaysia surged higher significantly by approximately 42% year-on-year. India emerged as the third largest importer, receiving $146.91 million worth of aluminum scrap from the U.S. The other key export market destinations were China ($116.38 million) and Mexico ($53.35 million).

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The U.S. imported $300.67 million worth of aluminum scrap during the first half of the current year. This compares with $425.79 million during the year-ago period, thereby translating into a year-on-year decline of nearly 29%. The top sources of import were Canada ($189.15 million), Mexico ($87.81 million) and Brazil ($4.92 million).

 

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