Wednesday, May 25th, 2016

The U.S. Plastics Industry’s Top Five Export Markets

Of the U.S. plastics industry’s $427 billion in annual sales, slightly more than 20 percent of that comes from exports, according to SPI’s 2015 Global Trends Report. The lion’s share of that goes to these top five export markets for the U.S. plastics industry as of 2015.

Sunday´s bikers in Paseo de la Reforma, Mexico

1) Mexico

No surprise that the first entry on this list is America’s closest neighbor and strongest trading partner.  The U.S. exported $15.8 billion in goods to Mexico in 2014. Mexico’s plastics industry relies greatly on its U.S. partners, particularly when it comes to resin, where the U.S. has a $6.7 billion surplus with Mexico.

Toronto skyline

2) Canada

The U.S. plastics industry exported $13.2 billion worth of products to its northern neighbor in 2014. The North American Free Trade Agreement (NAFTA) drives a great deal of America’s beneficial trade relationships with both Canada and Mexico, but this relationship goes both ways. Most U.S. polyethylene imports come from Canada, a country with rich hydrocarbon resources that can be converted into chemicals and resins.

Beijing, China CBD Cityscape

3) China

The world’s largest resin consumer is America’s third-largest export market, where U.S. companies had a $2.8 billion surplus in 2014 (as opposed to a $9.2 billion deficit for the industry as a whole).

Rio

4) Brazil

Brazil relies heavily on U.S. products from throughout the plastics supply chain, with the U.S. running trade surpluses with the country in all four plastics categories (resin, plastic products, molds and plastics machinery).

Yokohama

5) Japan

Japan could overtake Brazil to become the fourth-largest export market for U.S. companies (if it hasn’t already since the time of this writing) but regardless, it remains an important trade partner for the U.S. and ships a great deal of machinery put to use at U.S. companies.

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