U.S. Exports of Paper and Paperboard See Modest Rise

SEATTLE (Scrap Monster): The U.S. exports of paper and paperboard scrap recorded marginal increase during the first ten months of the current year. The latest U.S. Census Bureau data suggests that exports totaled $2.69 billion, marginally higher by 1.48% when matched with the exports of $2.65 billion during the corresponding period a year before. The exports by value totaled $310.29 million for the month of October 2018.

Through October this year, the top trade partner was China with imports of $1.1 billion from the U.S. The receipts by China accounted for more than 41% of all paper and paperboard scrap shipments by the U.S. Meantime, the U.S exports to China recorded sharp decline by almost 26% compared with the previous year. The other key export destinations were India ($447.28 million), Mexico ($299.27 million), South Korea ($153.84 million) and Canada ($137.48 million).

The combined shipments to the above five countries totaled $2.14 billion, accounting for approximately 80% of the total U.S exports during Jan-Oct ’18.

The country’s imports of paper and paperboard scrap dropped 10.60% through October 2018 to total $116.46 million. The imports had totaled $130.26 million during Jan-Oct ’17. The leading sources of import were Canada ($109.9 million) and Mexico ($5.99 million). The supplies from these two countries accounted for nearly 99% of the net imports. The value of imports from China surged higher significantly by over 81% year-on-year to total $356,527.