U.S. Paperboard Scrap Exports Down 24%

SEATTLE (Scrap Monster): The latest statistics released by the U.S. Census Bureau suggests substantial decline in exports of paper and paperboard scrap by the country during the initial seven-month period of 2020. The exports declined by more than 24% during this period.

The exports totalled $1.32 billion in Jan-Jul ‘20 as compared with $1.74 billion a year before. The top export destination was China, accounting for almost one-third of total U.S. shipments. However, the exports to China dropped by over 28% year-on-year. The Chinese paperboard scrap imports were valued at $435.11 million. The other key importers were Mexico ($172.52 million), India ($153.84 million), Canada ($82.45 million) and Vietnam ($79.70 million). Almost 70% of all exports by the U.S were to the above five countries.

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The U.S. paper and paperboard scrap imports were valued at $44.32 million in Jan-Jul ‘20. The imports recorded sharp decline by nearly 22% from the previous year. The imports had totalled $56.65 million during the similar seven-month period last year. The largest source of import was Canada, which supplied $42.25 million worth of paper and paperboard scrap to the U.S. The other primary sources of import were Mexico ($1.94 million) and China ($66,338), said Census Bureau data.