Japan's steel scrap exports in 2020 create highest record over past 11 years
2021-02-01 15:38:53 [Print]
According to data from the Ministry of Finance of Japan, driven by the increased demand in Bangladesh, Vietnam and China, steep scrap exports of Japan reached 9
In 2020, Vietnam was the largest export destination for Japan. Vietnam imported 3 . 41 million tons from Japan, up by 54 . 6% YOY, higher than South Korea, which ranked the first in history . South Korea imported only 2 . 96 million tons from Japan, down by 24 . 6% YOY . Japan exported 1 . 11 million tons to Taiwan, China, up by 70 . 9% YOY.
Notably, the exports to Bangladesh kept increasing. Japan exported 867,635t to Bangladesh in 2020, up by nearly 2 . 7 times compared with 2019.
The exports mainly rose in the first half of 2020. Steel scrap exports moved up in February to April as the ocean freight dropped to the lowest level due to COVID-19.
. 39 million tons in 2020, rising to the highest level over the past 11 years.
In 2020, Vietnam was the largest export destination for Japan. Vietnam imported 3 . 41 million tons from Japan, up by 54 . 6% YOY, higher than South Korea, which ranked the first in history . South Korea imported only 2 . 96 million tons from Japan, down by 24 . 6% YOY . Japan exported 1 . 11 million tons to Taiwan, China, up by 70 . 9% YOY.
Notably, the exports to Bangladesh kept increasing. Japan exported 867,635t to Bangladesh in 2020, up by nearly 2 . 7 times compared with 2019.
The exports mainly rose in the first half of 2020. Steel scrap exports moved up in February to April as the ocean freight dropped to the lowest level due to COVID-19.