NEW YORK (Scrap Register): During the initial three quarters of 2018, U.S. recorded sharp decline in exports of Plastic waste and scrap. The exports tumbled by 28.23% during Jan-Sep 2018 over the previous year to total $360.19 million. This is when compared with the exports of $501.84 million during the corresponding nine-month period in 2017.
The primary destination of U.S. exports was Malaysia. The exports to that country skyrocketed by nearly 220% year-on-year to total $53.2 million. The U.S. exports to Canada and Hong Kong totaled $52.73 million and $39.51 million respectively. The other two major importing countries were India ($38.79 million) and Thailand ($37.69 million).
The above top five markets together received $179.09 million of Scrap Plastics, accounting for almost 50% of the total U.S. Exports.
Meantime, there was a notable jump in imports of Plastic waste and scrap during the nine-month period of 2018. The country imported $180.3 million, 12.25% higher when compared with the Jan-Sep ’17 imports of $160.63 million.