HS Code:
The 'Other Recyclable Aluminum' category (HS Code: 760200) includes aluminum waste and scrap, excluding certain specific types. This category encompasses materials such as aluminum cans, foil, and other recyclable aluminum products that are traded globally for recycling and reuse in manufacturing. This trade is driven by the demand for sustainable materials and the economic benefits of recycling aluminum, which requires significantly less energy than producing new aluminum from raw bauxite ore.
Total Trade Volume
USD 7.5 billion
Data from 2022
Source
United Nations Comtrade Database
USD 1.8 billion
24% of total trade of total trade
Increasing
USD 1.2 billion
16% of total trade of total trade
Stable
USD 900 million
12% of total trade of total trade
Increasing
USD 750 million
10% of total trade of total trade
Decreasing
USD 600 million
8% of total trade of total trade
Stable
Average Rate
3.5%
Highest Rate
7.5% (imposed by certain developing countries)
Lowest Rate
0% (under free trade agreements like EU-USMCA)
Increased demand for recycled aluminum due to sustainability goals
Higher trade volumes as industries shift towards eco-friendly materials, particularly in automotive and packaging sectors
2021-2022
Technological advancements in recycling processes
Improved efficiency and quality of recycled aluminum, boosting market confidence and trade
2020-2022
Fluctuations in raw aluminum prices
Affects the cost-effectiveness of recycling, influencing trade volumes inversely with raw material prices
2019-2022
China introduced stricter contamination standards for imported aluminum scrap to improve environmental outcomes, affecting global exporters.
January 2023
Redirected trade flows to other Asian markets like South Korea and India, increasing competition among exporters.
The European Union implemented policies under its Circular Economy Action Plan to promote recycling and reduce waste, including aluminum scrap.
March 2022
Increased intra-EU trade of recyclable aluminum and higher demand for imports from neighboring regions.
The United States adjusted tariffs on aluminum imports, including scrap, as part of broader trade negotiations with key partners.
June 2022
Temporary disruptions in trade flows, with some exporters seeking alternative markets to avoid higher costs.