Copper Waste and Scrap Exports Collapsed 11%

SEATTLE (Scrap Monster): The latest U.S. Census Bureau data suggests notable decline in exports of copper waste and scrap by the country during 2019. The exports dipped lower by 11.14% over the previous year. The U.S. copper waste and scrap exports totalled $2.83 billion during the previous year.

China continued to remain as the top export destination. Almost 14.48% of the yearly U.S. exports were to China. The exports to China totalled $409.4 million, down by more than 62% year-on-year. The second largest importer was Malaysia, which accounted for 14.47% of the U.S. shipments. The U.S. exports to Malaysia totalled $409.14 million. In third place was South Korea with imports valued at $323.18 million. The other key foreign markets were Canada ($303.52 million) and Japan ($192.72 million).

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The above five countries together accounted for almost 58% of all shipments of copper waste and scrap by the U.S. in 2019.

Meantime, the country imported 21.36% less copper waste and scrap in 2019. The imports were down from $765.59 million a year before to $602.09 million. The leading source of imports was Canada ($339.89 million), followed by Mexico ($198.39 million) and Dominican Republic ($9.49 million).