HS Icon Plastic Lids

Plastic articles for the conveyance or packing of goods; stoppers, lids, caps and other closures of plastics

3923 (Harmonized System 1992 for 4-digit)

Overview This page contains the latest trade data of Plastic Lids. In 2020, Plastic Lids were the world's 50th most traded product, with a total trade of $56.3B. Between 2019 and 2020 the exports of Plastic Lids grew by 0.76%, from $55.9B to $56.3B. Trade in Plastic Lids represent 0.34% of total world trade.

Plastic Lids are a part of Plastics and articles thereof. They include Plastic boxes, Bags, cones of polymers of ethylene, Plastic bottles and flasks, Other plastic articles for goods conveyance or packing, Plastic stoppers, lids, caps and other closures, Bags, cones except of ethylene polymers, and Plastic spools, cops, bobbins and similar supports.

Exports In 2020 the top exporters of Plastic Lids  were China ($10.9B), United States ($5.35B), Germany ($5.01B), France ($2.43B), and Netherlands ($1.92B).

Imports In 2020 the top importers of Plastic Lids were United States ($8.76B), Germany ($4.13B), France ($2.84B), Canada ($2.51B), and United Kingdom ($2.5B).

Tariffs In 2018 the average tariff for Plastic Lids was 11.4%, making it the 342nd lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Plastic Lids are Maldives (135%), Bhutan (39.2%), Bahamas (36.4%), and Ethiopia (30.7%). The countries with the lowest tariffs are Hong Kong (0%), Singapore (0%), Switzerland (0%), Norway (0%), and Canada (1.24%).

Ranking Plastic Lids ranks 607th in the Product Complexity Index (PCI).

Description Plastic articles for the conveyance or packaging of goods may include: Airtight containers, Bags, Bottles, Boxes, Cans, Containers, Drums, Egg cartons, Envelopes, Flexible packaging, Foam cups, Foam trays, Foils, Jars, Labels, Lids, Packaging films, Packaging materials, Packing cases, Pens, Plastic caps and closures, Plastic drums, Polypropylene bags, Polystyrene foam cups, Polystyrene foam trays or Polyvinyl chloride (PVC) bottles.

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Y-AXIS SCALE

The following visualization shows the latest trends on Plastic Lids. Countries are shown based on data availability.

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

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Exporters and Importers

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Trade By Country

Top Origin (2020): China, $10.9B

Top Destination (2020): United States, $8.76B

Plastic Lids are the world's 50th most traded product.

In 2020, the top exporters of Plastic Lids were China ($10.9B), United States ($5.35B), Germany ($5.01B), France ($2.43B), and Netherlands ($1.92B).

In 2020, the top importers of Plastic Lids were United States ($8.76B), Germany ($4.13B), France ($2.84B), Canada ($2.51B), and United Kingdom ($2.5B).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2019 -  2020): China, $1.14B

Top Destination Growth (2019 - 2020): United States, $701M

Between 2019 and 2020, the exports of Plastic Lids grew the fastest in China ($1.14B), Spain ($86.5M), Netherlands ($80.2M), Mexico ($71.5M), and Sweden ($57.5M).

Between 2019 and 2020, the fastest growing importers of Plastic Lids were United States ($701M), Vietnam ($146M), Thailand ($140M), Malaysia ($99.9M), and Singapore ($96.5M).

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Market Concentration

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Cumulative market share

Value

This chart shows the evolution of the market concentration of exports of Plastic Lids.

In 2020,  market concentration measured using Shannon Entropy, was 4.91. This means that most of the exports of Plastic Lids are explained by 30 countries.

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TOP NET EXPORTER (2020): China, $9.92B

TOP NET IMPORTER (2020): United States, $3.41B

This map shows which countries export or import more of Plastic Lids. Each country is colored based on the difference in exports and imports of Plastic Lids during 2020.

In 2020, the countries that had a largest trade value in exports than in imports of Plastic Lids were China ($9.92B), Germany ($884M), Turkey ($702M), Chinese Taipei ($619M), and South Korea ($615M).

In 2020, the countries that had a largest trade value in imports than in exports of Plastic Lids were United States ($3.41B), Japan ($1.65B), United Kingdom ($1.29B), Australia ($962M), and Mexico ($895M).

Disaggregation

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Value

In 2020, the world most traded Plastic Lids, disaggragated by their HS6 level were Bags, cones of polymers of ethylene ($11.6B), Plastic boxes ($11.2B), Plastic bottles and flasks ($9.65B), Plastic stoppers, lids, caps and other... ($8.9B), and Other plastic articles for goods conveyance... ($8.74B)

Country Comparison

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Ranking

This visualization shows the countries that have an important ratio of their trade related to Plastic Lids.
It is possible to select the main countries that export or import Plastic Lids in the world, or by continent, as well as select the measure of interest.

Product Complexity

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Diversification Frontier

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Specialization

The Complexity-Relatedness diagram compares the risk and the strategic value of a product's potential export opportunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth potential, lower income inequality, and lower emissions.

Country by Relatedness

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The following visualization shows the relatedness of Plastic Lids to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.