US Paper and Paperboard Scrap exports to China plunge 36% during Jan-July
NEW YORK (Scrap Register): United States Paper and Paperboard Scrap exports to China has plunged by more than 36% to $722.39 million during January to July of this year, according to the latest data released by the U.S. Census Bureau.
China being the top export destination of United States Paper and Paperboard Scrap, which accounting for over 40% of US total shipments.
The drop in exports to China has resulted in phenomenal jump in exports to alternative markets. The exports to India skyrocketed by 74% to total $321.51 million.
The trade statistics published by the U.S. Census Bureau indicate a decline of 4.32% to $1.8 billion in total exports of Paper and Paperboard scrap during first seven month of this year.
The U.S. Census Bureau data also point to 14.2% decline in imports of Paper and Paperboard scrap by the country through July this year. The Jan-July ’18 imports totaled $79.01 million as against the imports of $92.08 million during the same period the previous year. The three primary suppliers were Canada, Mexico and China.