U.S. Paperboard Scrap Exports Slumped

SEATTLE (Scrap Monster): The most recent trade statistics published by the U.S. Census Bureau suggests nominal decline in the country's value of exports of paperboard scrap during the initial seven months of the current year. Meantime, the value of imports reported significant decline during this period.

The value of paper, paperboard scrap exports totaled $1.74 billion through the first seven months of 2019. This is slightly lower by 3.43% from the exports which were valued at around $1.8 billion during the initial seven-month period in 2018.

The U.S. exports to China dropped by 15.86% over the previous year to total $607.85 million. The country, accounting for almost 35% of the total U.S. Exports, still continued to be the top importer. India, with nearly 18% market share of U.S. Exports, was the second largest destination. The Indian imports were valued at $306.58 million. In third place was Mexico with imports worth $196.27 million in Jan-July '19. The above three countries together imported approximately $1.11 billion of paper, paperboard scrap from the U.S.

The country's imports tumbled by over 28% year-on-year from $79.01 million to $56.65 million through the initial seven months of the current year. The primary sources of imports were Canada ($54.49 million), Mexico ($1.96 million), China ($80,468), Italy ($30,734) and Germany ($22,074). The above five top foreign markets accounted for almost 99.87% of all the U.S. imports of paper, paperboard scrap in Jan-Jul '19.