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 and 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.
The countries with the highest import tariffs for Scrap Plastic are Bahamas (41.8%), Iran (30%), Nepal (29.5%), and Bhutan (29.4%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).
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.