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 2021, Plastic Lids were the world's 59th most traded product, with a total trade of $66.3B. Between 2020 and 2021 the exports of Plastic Lids grew by 17.3%, from $56.5B to $66.3B. Trade in Plastic Lids represent 0.0032% of total world trade.

Plastic Lids are a part of Plastics & 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 2021 the top exporters of Plastic Lids  were China ($13B), United States ($6.03B), Germany ($5.93B), France ($2.86B), and Canada ($2.34B).

Imports In 2021 the top importers of Plastic Lids were United States ($10.5B), Germany ($4.78B), France ($3.42B), United Kingdom ($2.9B), and Canada ($2.87B).

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

Ranking Plastic Lids ranks 556th 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 (2021): China, $13B

Top Destination (2021): United States, $10.5B

Plastic Lids are the world's 59th most traded product.

In 2021, the top exporters of Plastic Lids were China ($13B), United States ($6.03B), Germany ($5.93B), France ($2.86B), and Canada ($2.34B).

In 2021, the top importers of Plastic Lids were United States ($10.5B), Germany ($4.78B), France ($3.42B), United Kingdom ($2.9B), and Canada ($2.87B).

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Market Dynamics

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Trade by country

Color

Top Origin Growth (2020 -  2021): China, $1.98B

Top Destination Growth (2020 -  2021): United States, $1.74B

Between 2020 and 2021, the exports of Plastic Lids grew the fastest in China ($1.98B), Germany ($910M), United States ($671M), Canada ($438M), and France ($423M).

Between 2020 and 2021, the fastest growing importers of Plastic Lids were United States ($1.74B), Germany ($646M), France ($584M), Netherlands ($431M), and United Kingdom ($402M).

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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 2021, market concentration measured using Shannon Entropy, was 4.92. This means that most of the exports of Plastic Lids are explained by 30 countries.

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TOP NET EXPORTER (2021): China, $11.7B

TOP NET IMPORTER (2021): United States, $4.5B

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 2021.

In 2021, the countries that had a largest trade value in exports than in imports of Plastic Lids were China ($11.7B), Germany ($1.14B), Turkey ($885M), Chinese Taipei ($690M), and India ($674M).

In 2021, the countries that had a largest trade value in imports than in exports of Plastic Lids were United States ($4.5B), Japan ($1.62B), United Kingdom ($1.46B), Australia ($1.08B), and Mexico ($814M).

Disaggregation

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Value

In 2021, the world most traded Plastic Lids, disaggragated by their HS6 level were Plastic boxes ($13.8B), Bags, cones of polymers of ethylene ($13.3B), Plastic bottles and flasks ($10.7B), Plastic stoppers, lids, caps and other... ($10.4B), and Other plastic articles for goods conveyance... ($10.3B)

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 ‚Äč‚Äčindicate greater knowledge, which predicts a greater probability of exporting that product in the future.