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2023
Exports $11.4BWorld Rnk 1 / 218
Flag Rnk 61 / 1215
2023
Destination $136M United States
2022 - 2023
FASTEST GROWING MARKET $136MVietnam
2023
PRODUCT COMPLEXITY IN Plastic Lids-0.18Rnk 612 / 1025
2023
Imports $748MWorld Rnk 18 / 225
Flag Rnk 269 / 1214
2023
Origin $9.57M South Korea
2022 - 2023
FASTEST GROWING ORIGIN $9.57MPoland
2023
ECONOMIC COMPLEXITY of China1.16Rnk 21 / 132

About

Exports In 2023, China exported $11.4B in Plastic Lids, making it the 1st largest exporter of Plastic Lids in the world. At the same year, Plastic Lids was the 61st most exported product in China. The main destination of Plastic Lids exports from China are: United States ($2.01B), Japan ($846M), Australia ($531M), South Korea ($521M), and Canada ($416M).

The fastest growing export markets for Plastic Lids of China between 2022 and 2023 were Vietnam ($136M), Russia ($51.7M), and Italy ($37.9M).

Imports In 2023, China imported $748M in Plastic Lids, becoming the 18th largest importer of Plastic Lids in the world. At the same year, Plastic Lids was the 269th most imported product in China. China imports Plastic Lids primarily from: South Korea ($159M), Japan ($117M), United States ($95M), Chinese Taipei ($89M), and Germany ($56.3M).

The fastest growing import markets in Plastic Lids for China between 2022 and 2023 were Poland ($9.57M), Switzerland ($2.83M), and Denmark ($1.82M).

COMPANIES In 2024, leading companies such as Dollarama (81), Loblaws Supermarkets (78), and Amazon (48) were at the forefront of shipping Plastic Lids from China to the United States.

Latest Trends

December 2024

About

Overview In December 2024 China's Plastic Lids exports accounted up to $1.46B and imports accounted up to $107M, resulting in a positive trade balance of $1.35B. Between December 2023 and December 2024 the exports of China's   Plastic Lids have increased by $103M (7.57%) from $1.36B to $1.46B, while imports increased by $22.7M (27%) from $84.4M to $107M.

Destinations In December 2024, Plastic Lids were exported mostly to United States ($297M), Japan ($81.8M), Malaysia ($72.8M), South Korea ($61.6M), and Thailand ($61.1M), and were imported mostly from Japan ($27.3M), Chinese Taipei ($18.5M), South Korea ($14.1M), China ($11.2M), and Malaysia ($8.84M).

Growth In December 2024, the increase in Plastic Lids's year-by-year exports was explained primarily by an increase in exports to United States ($28M or 10.4%), Vietnam ($20.2M or 90.1%), and Thailand ($14.4M or 40.4%). In December 2024, the increase in Plastic Lids's year-by-year imports was explained primarily by an increase in imports from China ($4.51M or 81.5%), Chinese Taipei ($2.69M or 25.4%), and Switzerland ($1.36M or 61.3%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)$103M(7.57%)
IMPORT GROWTH (December 2023 - December 2024)$22.7M(27%)
MAIN EXPORTER (December 2024)Guangdong Province$402M
MAIN DESTINATION (December 2024)United States$297M

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.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$11.4B
IMPORTS (2023)$748M
NET TRADE (2023)$10.7B

In 2023, China exported $11.4B in Plastic Lids. The main destinations of China exports on Plastic Lids were United States ($2.01B), Japan ($846M), Australia ($531M), South Korea ($521M), and Canada ($416M).

In 2023, China imported $748M in Plastic Lids, mainly from South Korea ($159M), Japan ($117M), United States ($95M), Chinese Taipei ($89M), and Germany ($56.3M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Plastic Lids EXPORT MARKETS FOR China WERE (2022 - 2023):
Vietnam$136M (48.8%)
Russia$51.7M (37.1%)
Italy$37.9M (13.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Plastic Lids BY China WERE (2022 - 2023):
United States-$627M (-23.8%)
South Korea-$109M (-17.3%)
Thailand-$98.8M (-21.6%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, China's main exporting competitors in Plastic Lids were:
United States $6.69B
Germany $6.4B
In 2023, China's main importing competitors in Plastic Lids were:
United States $9.17B
Germany $4.17B
Mexico $3.61B

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Trade Value of Plastic Lids by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $188M
TOP IMPORT POTENTIALUnited States+ $64.6M

Plastic Lids’s highest export potential is United States. With an export gap of $188M.   Plastic Lids’s highest import potential is United States with an import gap of $64.6M.

See methodology.

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