Hong Kong scrap exports jump in April

By Paul Ploumis 12 Jun 2015 Last updated at 08:37:47 GMT

BEIJING (Scrap Monster): According to latest trade statistics released by Hong Kong Census and Statistics Department, the scrap exports by the country surged higher during the month of April this year. The country’s scrap exports during Apr ‘15 totaled 101,000 tons. The exports have jumped higher by 7.9% when compared with the country’s scrap exports during same month in 2014. Hong Kong had exported 93,605 tons of scrap during April last year.

The largest destination of exported scrap from Hong Kong during Apr ’15 was Taiwan. The scrap imports by Taiwan from Hong Kong totaled 26,000 tons during the month, accounting for nearly one-fourth of the total scrap exports out of Hong Kong. The exports to Taiwan soared by 73% over the previous year.

The second largest importer of scrap from Hong Kong was China. The imports by the country totaled 25,000 tons during the month of April this year. The scrap exports to China were up by 25.3% year-on-year.

The cumulative scrap exports by Hong Kong during the initial four-month period of the year totaled 441,000 tons, 25.6% higher when compared with the exports during corresponding four-month period in 2014.

The scrap exports by the country are projected to cross 1.3 million tons during the entire year 2015.

Hong Kong’s ferrous scrap exports had edged higher by 5.6% during the entire year 2014 to total 1.259 million tons.