U.S. Aluminum Scrap Exports See Notable Decline

The most recent trade statistics published by the U.S. Census Bureau indicates that exports of aluminum scrap recorded decline during the entire year 2019. The total exports were valued at $2.19 billion during the previous year, significantly down by almost 12% when matched with the exports of $2.47 billion million in 2018.

The primary importer of aluminum scrap from the U.S. was China. The value of exports to China totalled $350.83 million, despite the trade volumes witnessing 51% year-on-year decline. In second place was South Korea, whose imports from the U.S. were valued at $324.19 million. The South Korean imports registered almost 5% year-on-year dip. The third largest export destination was India, whose imports from the U.S. totalled $322.46 million. The other key export markets were Malaysia ($295.39 million) and Mexico ($165.67 million).

The U.S. imported $791.91 million worth of aluminum scrap during the previous year. This compares with $1.09 billion during 2018, suggesting a decline of more than 27% year-on-year. The top five sources of import were Canada ($520.73 million), Mexico ($212.84 million), Guatemala ($12.11 million), the UK ($5.62 million) and Chile ($5.02 million).

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