U.S. Paperboard Scrap Exports Dipped 28%

SEATTLE (Scrap Monster): The most recent statistics published by the U.S. Census Bureau suggests substantial decline in exports of paper and paperboard scrap by the country during the initial six-month period of the current year.

The U.S. paperboard scrap exports dropped by over 28%, compared with the year before. Also, the imports recorded substantial decline by almost 27%, when compared with the previous year.

The exports totalled approximately $1.1 billion in Jan-June ‘20. The U.S. exports had totalled $1.53 billion during the corresponding six months in 2019.

In spite of huge year-on-year decline by almost 35% in imports from the U.S., China continued to remain as the top export destination. The exports to China totalled $347.16 million. The other key importers of U.S. paper and paperboard scrap were India ($142.82 million), Mexico ($138.54 million), Canada ($72.07 million) and Vietnam ($67.51 million). Approximately 70% of all exports by the U.S were to the above five foreign markets.

The U.S. paper and paperboard scrap imports totalled $37.07 million through June this year. The imports recorded more than 27% decline from the previous year. The country had imported paper and paperboard scrap worth $51.07 million during the corresponding period from January to June in 2019.

In H1 2020, Canada was the leading source of import. The imports from Canada totalled $35.31 million, accounting for almost 95% of all imports to the U.S. The other leading sources of import were Mexico ($1.65 million) and China ($57,962).

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