Hong Kong scrap exports soared in June

By  Paul Ploumis 17 Aug 2015  Last updated at  03:03:19 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 June this year. The country’s scrap exports during June ‘15 totaled 137,000 tons. The exports have jumped higher by 15.5% when compared with the country’s scrap exports during same month in 2014. Hong Kong had exported 118,600 tons of scrap during June last year.

The largest destination of exported scrap from Hong Kong during June ’15 was Vietnam. The scrap imports by Vietnam from Hong Kong totaled 42,000 tons during the month, accounting for nearly just over 30% of the total scrap exports out of Hong Kong. The exports to Vietnam soared by 94.3% over the previous year.

The second largest importer of scrap from Hong Kong was Thailand. The imports by the country totaled 33,000 tons during the month of June this year. The scrap exports to Thailand were up by 355.8% year-on-year.

The cumulative scrap exports by Hong Kong during the initial six-month period of the year totaled 670,000 tons, 19.3% higher when compared with the exports during corresponding six-month period in 2014.

The scrap exports by the country are projected to cross 1.34 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.