US July PET exports down by 13% year on year; imports up by 23%

06 September 2013 21:06  [Source: ICIS news]

NEW YORK (ICIS)--US July exports for polyethylene terephthalate (PET) fell by 13% year on year, while imports rose by 23%, according to trade data made available on Friday by the US International Trade Commission (ITC).

Exports were down to 24,123 tonnes from 27,660 tonnes in July 2012.

Month on month, exports were only down slightly by 1% from 24,255 tonnes in June to 24,123 tonnes in July.

In comparison, US July PET imports rose by 8,383 tonnes from 36,854 tonnes in July 2012 to 45,237 tonnes in July 2013.

Month on month PET imports, however, declined 5%, or 2,290 tonnes, from 47,527 tonnes in June to 45,237 tonnes in July.  

PET is used in plastic drinking bottles and in textiles.

PET producers in the US include DAK Americas, Indorama, Mossi & Ghisolfi (M&G) and Nan Ya Plastics.

By: Feliza Mirasol
+1 713 525 2653

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