US crude and dried bauxite imports uptick in Q3 but remain insufficient to offset Y-T-D decline
The United States crude and dried bauxite imports continued to increase sequentially in the third quarter of 2024 but could not offset the overall year-to-date downfall. The Q-o-Q growth in Q3 import was primarily driven by Turkey with a significantly increased supply of crude and dried bauxite, even higher than the same period of the previous year.
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According to the US Census Bureau Survey, the United States imported 553,000 tonnes of bauxite, extending the quarter-on-quarter growth. In Q3, the import volume was 26,000 tonnes or 5 per cent higher sequentially, echoing the growth rate seen in the second quarter. In Q2, the United States crude and dried bauxite imports stood at 527,000 tonnes versus 501,000 tonnes in the first quarter.
However, annually, the United States bauxite imports in Q3 2024 witnessed a fall of 95,000 tonnes or 14.66 per cent from 648,000 tonnes. That led to a decline in year-to-date import volume from 1.84 million tonnes to 1.58 million tonnes.
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