The Plastics Industry Association (PLASTICS) has released an official analysis on the dynamics of the U.S. plastics materials and resin trade in 2023, authored by PLASTICS Chief Economist, Dr. Perc Pineda.
Dr. Pineda writes, “The U.S. trade balance in plastic materials and resin improved, marking a 3.9% increase in 2023 compared to the previous year. This improvement is attributed to a more substantial decrease in the dollar value of imports, which declined at a higher rate compared to the decrease in exports. In 2022, the U.S. trade surplus for plastic materials and resin amounted to $21,283.67 million, and it rose to $22,106.85 million in 2023.”
Click here to read the full analysis on the PLASTICS blog page.
The Plastics Industry Association (PLASTICS) is the only organization that supports the entire plastics supply chain, including Equipment Suppliers, Material Suppliers, Processors, and Recyclers, representing over one million workers in our $548 billion U.S. industry. PLASTICS advances the priorities of our members who are dedicated to investing in technologies that improve capabilities and advances in recycling and sustainability and providing essential products that allow for the protection and safety of our lives. Since 1937, PLASTICS has been working to make its members, and the seventh largest U.S. manufacturing industry, more globally competitive while supporting circularity through educational initiatives, industry-leading insights and events, convening opportunities and policy advocacy, including the largest plastics trade show in the Americas, NPE2024: The Plastics Show.
