Home » News » U.S. Aluminum Scrap Exports Rose Substantially

U.S. Aluminum Scrap Exports Rose Substantially

The latest U.S. Census Bureau data suggests notable jump in aluminum scrap exports by the country during the previous year. The exports totaled $2.47 billion during 2018, significantly higher by 9.85% when matched with 2017. The country’s exports of aluminum scrap had totaled only $2.25 billion in 2017. Also, the monthly exports by value totaled $225.94 million in December 2018.

The top trade partner of the U.S. during 2018 was China. However, the exports to that country declined heavily by almost 39% when compared with the previous year, mainly due to strict import controls imposed by the Chinese administration. The U.S. exported $718.75 million worth of scrap to China, representing more than 29% of all U.S. shipments. In second place was South Korea, who imported $339.76 million worth of materials from the U.S. The other primary importers were India ($303.63 million), Malaysia ($214.08 million) and Mexico ($209.34 million).

The combined exports to the above top five foreign market destinations s accounted for over 72% of the total U.S. exports of aluminum waste and scrap.

Meantime, the U.S. imports of aluminum scrap too recorded approximately 9% improvement over the previous year. The imports surged higher from around $1 billion to $1.09 billion. The primary import sources were Canada ($645.52 million), Mexico ($295.09 million), Guatemala ($20.97 million), Venezuela ($10.56 million) and Chile ($8.84 million). Nearly 90% of all imports of aluminum waste and scrap by the U.S were from the above five countries, Census Bureau data said.

Leave a Comment