PET Exports from China Soar to a New High

China’s exports of PET polymer, most of which is bottle-grade, reached a new record in July, 2013 of 217,000 tons. Shipments to all world regions increased, with the heaviest volumes exported to Asia-Pacific, Eastern Europe, Africa and Latin America.

Year to date through July, China exported 1.15 million tons of PET, up 56% from the prior year. Japan was the top export destination, followed by Ukraine, Turkey, Russia, Egypt, US and many others, nearly every country importing higher volumes this year.