U.S. Paperboard Scrap Exports Declined 6%

SEATTLE (Scrap Monster): The recent statistics published by the U.S. Census Bureau suggests modest decline in exports of paper and paperboard scrap by the country during the initial eight-month period in 2019. The exports dropped just over 6%. Meantime, the imports recorded sharper decline of almost 33%, when compared with the previous year. The exports totalled $1.96 billion in Jan-Aug ’19. The U.S. exports had totalled $2.09 billion during the corresponding eight-month period in 2018.

China continued to remain as the top export destination despite 18% year-on-year decline in export volumes. The exports to China totalled $686.11 million. The other key importers of U.S. paper and paperboard scrap were India (348.95 million), Mexico ($218.23 million), South Korea ($106.03 million) and Canada ($95.15 million). Nearly 74% of all exports by the U.S were to the above five countries. The combined imports by the top five foreign markets totalled $1.45 billion out of the total $1.96 billion.

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The U.S. paper and paperboard scrap imports totalled $62.06 million in Jan-Aug ’19. The imports recorded nearly 33% decline from the previous year. The country had imported paper and paperboard scrap worth $92.19 million during the initial eight-month period in 2018. Through August this year, Canada was the leading source of import. The imports from Canada totalled $59.42 million, accounting for almost 96% of the total imports of paper and paperboard scrap by the U.S.