Plastic Lids in China | The Observatory of Economic Complexity

About

Exports In 2022, China exported $13.9B in Plastic Lids, making it the 1st largest exporter of Plastic Lids in the world. At the same year, Plastic Lids was the 56th most exported product in China. The main destination of Plastic Lids exports from China are: United States ($2.84B), Japan ($1.03B), Australia ($708M), South Korea ($576M), and Thailand ($523M).

The fastest growing export markets for Plastic Lids of China between 2021 and 2022 were Singapore ($137M), Australia ($92.9M), and Philippines ($73.2M).

Imports In 2022, China imported $1.19B in Plastic Lids, becoming the 14th largest importer of Plastic Lids in the world. At the same year, Plastic Lids was the 193rd most imported product in China. China imports Plastic Lids primarily from: South Korea ($375M), United States ($142M), Japan ($130M), China ($99.8M), and Chinese Taipei ($97.9M).

The fastest growing import markets in Plastic Lids for China between 2021 and 2022 were Chinese Taipei ($5.31M), Malaysia ($4.89M), and United States ($3.52M).

COMPANIES In 2023, leading companies such as IKEA SUPPLY AG (6.73k), AMAZON SERVICES LLC (1.28k), and WAL-MART INC. (1.14k) were at the forefront of shipping Plastic Lids from China to the United States.

Latest Trends

February 2024

About

Overview In February 2024 China's Plastic Lids exports accounted up to $929M and imports accounted up to $74.9M, resulting in a positive trade balance of $854M. Between February 2023 and February 2024 the exports of China's Plastic Lids have increased by $158M (20.6%) from $771M to $929M, while imports decreased by $-18.2M (-19.6%) from $93.1M to $74.9M.

Destinations In February 2024, Plastic Lids were exported mostly to United States ($200M), Japan ($60.1M), Australia ($50.4M), South Korea ($36.5M), and Thailand ($36.4M), and were imported mostly from Japan ($13.4M), South Korea ($11.4M), Taiwan ($11.3M), Malaysia ($8.27M), and China ($7.91M).

Growth In February 2024, the increase in Plastic Lids's year-by-year exports was explained primarily by an increase in exports to Singapore ($27.7M or 106%), Australia ($16.9M or 26.1%), and Mexico ($4.2M or 25.1%). In February 2024, the decrease in Plastic Lids's year-by-year imports was explained primarily by a decrease in imports from Japan ($-13.1M or -44.9%), South Korea ($-10.2M or -45.2%), and China ($-5M or -47.5%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)$158M(20.6%)

IMPORT GROWTH (February 2023 - February 2024)$-18.2M(-19.6%)

MAIN EXPORTER (February 2024)Guangdong Province$394M

MAIN DESTINATION (February 2024)United States$200M

This section shows Plastic Lids's exports and imports data at subnational level for China. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Plastic Lids over time.

For full datasets download visit Bulk Download page.

Go to Bulk Download

Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$13.9B

IMPORTS (2022)$1.19B

NET TRADE (2022)$12.7B

In 2022, China exported $13.9B in Plastic Lids. The main destinations of China exports on Plastic Lids were United States ($2.84B), Japan ($1.03B), Australia ($708M), South Korea ($576M), and Thailand ($523M).

In 2022, China imported $1.19B in Plastic Lids, mainly from South Korea ($375M), United States ($142M), Japan ($130M), China ($99.8M), and Chinese Taipei ($97.9M).

Explore Visualizations