ZHENGYANG MACHINERY EQUIPMENT Co.,Ltd.

U.S. Exports of Aluminum Scrap Posted Modest Decline

The U.S. imported $356.01 million worth of aluminum scrap during the first five months of the current year.

The latest trade statistics published by the U.S. Census Bureau indicates that exports of aluminum scrap declined modestly during the initial five-month period of the current year. The exports were valued at $982.25 million during this period, slightly lower by 4.09% when matched with the exports of $1.02 billion during the corresponding five-month period in 2018.

The primary importer of aluminum scrap from the U.S. was China. The value of exports to China totaled $222.01 million, accounting for approximately 22% of the total U.S. shipments through May this year. Meantime, the Chinese imports from the U.S. dropped significantly by nearly 49% over the previous year. In second place was India, whose imports from the U.S. were valued at $140.61 million. The imports by India reported strong growth by 63.15% when matched with the prior year. South Korea emerged as the third largest importer, receiving $131.86 million worth of aluminum scrap from the U.S. The other key export destinations were Malaysia ($89.26 millions) and Mexico ($83.2 million).

The above five countries together received 67.9% of the total aluminum scrap exported by the U.S. during Jan-May ’19.

The U.S. imported $356.01 million worth of aluminum scrap during the first five months of the current year. This compares with $433 million during the year-ago period, thus posting year-on-year decline by 17.78%. The top sources of import were Canada ($230.23 million), Mexico ($97.83 million) and Guatemala ($6.39 million).