Overview: In 2018, Packing Bags were the world's 477th most traded product, with a total trade of $5.42B. Between 2017 and 2018 the exports of Packing Bags grew by 18%, from $4.59B to $5.42B. Trade in Packing Bags represent 0.029% of total world trade.
Exports: In 2018 the top exporters of Packing Bags were China ($1.65B), India ($1.05B), Vietnam ($425M), Turkey ($359M), and Thailand ($126M).
Imports: In 2018 the top importers of Packing Bags were United States ($775M), Japan ($466M), Germany ($326M), South Korea ($285M), and France ($269M).
Tariffs: In 2018 the average tariff for Packing Bags was 15.8%, been the 176 lowest tariff using the HS4 product classification.
The countries with the highest import tariffs for Packing Bags are Iran (65%), Syria (54.1%), Maldives (49.1%), and Brazil (33.6%). The countries with the lowest tariffs are Angola (0%), Mauritius (0%), Hong Kong (0%), Singapore (0%), and Switzerland (0%).
Ranking: Packing Bags ranks 965th in the Product Complexity Index (PCI).