Scrap Plastic3915 (Harmonized System 1992 for 4-digit)
2020 World Trade: $2.6B, Rnk 641 / 1217
2020 Top Exporter | Top Importer: $312M | $261M, Germany | Malaysia
2020 Product Complexity: -0.67, Rnk 745 / 1028
2019 - 2020 Export Growth (CAGR): -19.1%, Rnk 1004 / 1217
2018 Mean Tariff: 8.65%, Rnk 493 / 1259
2020 Share of World Trade: 0.016%, Rnk 641 / 1217
Overview This page contains the latest trade data of Scrap Plastic. In 2020, Scrap Plastic were the world's 641st most traded product, with a total trade of $2.6B. Between 2019 and 2020 the exports of Scrap Plastic decreased by -19.1%, from $3.21B to $2.6B. Trade in Scrap Plastic represent 0.016% of total world trade.
Scrap Plastic are a part of Plastics & articles thereof. They include Other plastics waste or scrap, Polyethylene waste or scrap, Polyvinyl chloride waste or scrap, and Polystyrene waste or scrap.
Exports In 2020 the top exporters of Scrap Plastic were Germany ($312M), Japan ($282M), United States ($239M), Netherlands ($148M), and United Kingdom ($135M).
Imports In 2020 the top importers of Scrap Plastic were Malaysia ($261M), United States ($202M), Netherlands ($170M), Germany ($166M), and Vietnam ($133M).
Tariffs In 2018 the average tariff for Scrap Plastic was 8.65%, making it the 493rd lowest tariff using the HS4 product classification.
Ranking Scrap Plastic ranks 745th in the Product Complexity Index (PCI).
Description In many countries, plastic waste is burned to generate electricity. Plastic scrap is melted and reformed into new items. Plastic parings are used to make a number of items including brooms, brushes, and toothbrushes.
The following visualization shows the latest trends on Scrap Plastic. 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.
Trade By Country
Scrap Plastic are the world's 641st most traded product.
In 2020, the top exporters of Scrap Plastic were Germany ($312M), Japan ($282M), United States ($239M), Netherlands ($148M), and United Kingdom ($135M).
In 2020, the top importers of Scrap Plastic were Malaysia ($261M), United States ($202M), Netherlands ($170M), Germany ($166M), and Vietnam ($133M).
Trade by country
Between 2019 and 2020, the exports of Scrap Plastic grew the fastest in China ($30.9M), Bangladesh ($4.66M), Ireland ($2.29M), Tanzania ($2.14M), and Sweden ($1.62M).
Between 2019 and 2020, the fastest growing importers of Scrap Plastic were Turkey ($25M), Malaysia ($23.7M), Kenya ($8.5M), Vietnam ($6.91M), and Mexico ($6M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Scrap Plastic.
In 2020, market concentration measured using Shannon Entropy, was 5.06. This means that most of the exports of Scrap Plastic are explained by 33 countries.
This map shows which countries export or import more of Scrap Plastic. Each country is colored based on the difference in exports and imports of Scrap Plastic during 2020.
In 2020, the countries that had a largest trade value in exports than in imports of Scrap Plastic were Japan ($280M), Germany ($146M), Mexico ($73.6M), United Kingdom ($67.4M), and Philippines ($57.4M).
In 2020, the countries that had a largest trade value in imports than in exports of Scrap Plastic were Malaysia ($251M), Vietnam ($117M), Turkey ($117M), Chinese Taipei ($94.6M), and Hong Kong ($51.7M).
In 2020, the world most traded Scrap Plastic, disaggragated by their HS6 level were Other plastics waste or scrap ($1.38B), Polyethylene waste or scrap ($921M), Polystyrene waste or scrap ($157M), and Polyvinyl chloride waste or scrap ($142M)
This visualization shows the countries that have an important ratio of their trade related to Scrap Plastic. It is possible to select the main countries that export or import Scrap Plastic in the world, or by continent, as well as select the measure of interest.
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.
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