U.S. Exports of Paperboard Scrap Extended Heavy Decline

SEATTLE (Scrap Monster): The latest statistics released by the U.S. Census Bureau suggests that exports of paper and paperboard scrap by the country continued to decline during the initial eleven-month period of 2019. The exports registered 15.67% decline during this period. Meantime, the imports dropped significantly by over 40%, when compared with the previous year.

The exports totalled $2.53 billion in Jan-Nov ’19. It must be noted that the exports had totalled around $3 billion during the corresponding eleven months in 2018.

The top export destination of paper and paperboard scrap by the U.S. was China. However, the exports to China dropped by nearly 31% when matched with the prior year. The exports to China totalled $862.41 million. The other key importers of U.S. paper and paperboard scrap were India ($450.29 million), Mexico ($273.55 million), South Korea ($138.0 million) and Canada ($120.72 million).

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The U.S. paper and paperboard scrap imports totalled $77.39 million through November last year. The imports recorded sharp decline by 40.28% from the previous year. The U.S. imports of paper and paperboard scrap had totalled $129.6 million during the initial eleven months in 2018.

Through November last year, Canada was the leading supplier. The imports from Canada totalled $73.99 million, accounting for approximately 96% of the total imports. The other primary sources of U.S. imports were Mexico ($2.95 million) and China ($265,009 million).