2022
Exports
$13.9BWorld Rnk 1 / 220
Flag Rnk 56 / 1216
2022
PRODUCT COMPLEXITY IN Plastic Lids
-0.17Rnk 606 / 1025
2022
Imports
$1.19BWorld Rnk 14 / 225
Flag Rnk 193 / 1212
2022
ECONOMIC COMPLEXITY of China
1.12Rnk 22 / 133

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 Group (91), 99 Cents Only Stores (87), and Loblaws Supermarkets (71) were at the forefront of shipping Plastic Lids from China to the United States.

Latest Trends

October 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)$113M(10.2%)
IMPORT GROWTH (October 2023 - October 2024)$12.7M(14.8%)
MAIN EXPORTER (October 2024)Guangdong Province$402M
MAIN DESTINATION (October 2024)United States$248M

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 (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

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Plastic Lids EXPORT MARKETS FOR China WERE (2021 - 2022):
Singapore$137M (71.4%)
Australia$92.9M (15.1%)
Philippines$73.2M (24.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Plastic Lids BY China WERE (2021 - 2022):
Vietnam-$124M (-28.1%)
Hong Kong-$42.6M (-10%)
United Kingdom-$42M (-9.84%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, China's main exporting competitors in Plastic Lids were:
In 2022, China's main importing competitors in Plastic Lids were:

Explore Visualizations

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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