Scrap exports by Costa Rica see huge decline in June

By  Paul Ploumis 24 Aug 2015  Last updated at 06:18:53 GMT

The Costa Rican scrap exports dropped sharply by 27.5% year-on-year in June this year.

SPOKANE (Scrap Monster): The latest data published by the country’s Finance Ministry suggests sharp decline in scrap exports by Costa Rica during the month of June this year.

As per data, the country’s scrap exports totaled 7,512 mt of scrap during the month. This is 27.5% lower when compared with the imports during the same month a year before. The Costa Rican scrap exports had totaled 10,372 mt in June 2014. Meantime, the export revenues totaled $1.4 million, sharply lower by 87.4% when compared with the previous year.

The main export destination for Costa Rican scrap was South Korea. The scrap exports to Korea totaled 3,312 mt, accounting for nearly 44% of the total scrap exports by Costa Rica during the month. The other leading scrap destinations were Taiwan (2,134 mt) and Ecuador (653 mt).