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Paper Recycling September 14, 2018 12:30:31 PM

U.S. Exports of Paper and Paperboard Scrap Dropped 4%

Paul Ploumis
ScrapMonster Author
The top export destination of U.S. paper and paperboard scrap was China.
U.S. Exports of Paper and Paperboard Scrap Dropped 4%

SEATTLE (Scrap Monster): The trade statistics published by the U.S. Census Bureau indicate notable decline in exports of paper and paperboard scrap by the country during the initial seven- month period of the current year. The exports dropped by 4.32% from $1.88 billion to $1.8 billion during this period. During the entire year 2017, the exports had totaled $3.18 billion. The current export trend suggests that annual exports are likely to register another year of decline in 2018.

The top export destination of U.S. paper and paperboard scrap was China. The exports to China totaled $722.39 million, accounting for over 40% of all U.S. shipments. However, exports to that country dropped significantly by more than 36% when compared with the year before. The drop in exports to China has resulted in phenomenal jump in exports to alternative markets. The exports to India skyrocketed by 74% to total $321.51 million. In third place was Mexico with $210.01 million. The other key export destinations were South Korea ($98.64 million) and Canada ($96.05 million).

The combined exports to the above top five foreign markets totaled $1.11 billion, representing approximately 62% of the total U.S exports.

Meantime, the U.S. Census Bureau data also point to 14.2% decline in imports of paper and paperboard scrap by the country through July this year. The Jan-July ’18 imports totaled $79.01 million as against the imports of $92.08 million during the same period the previous year. The three primary suppliers were Canada, Mexico and China.

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