HS Icon Scrap Plastic

3915 (Harmonized System 1992 for 4-digit)

World Trade (2018): $3.51B, Rnk 593 / 1225

Top Exporter (2018): $426M, United States

Top Importer (2018): $281M, Malaysia

Product Complexity (2018): -0.88, Rnk 790 / 1018

Export Growth (CAGR)(2017 - 2018): -35.6%, Rnk 1217 / 1225

Mean Tariff (2018): 8.89%, Rnk 486 / 1259

Share of World Trade (2018): 0.019%, Rnk 593 / 1225

Overview:  This page contains the latest trade data of Scrap Plastic. In 2018, Scrap Plastic were the world's 593rd most traded product, with a total trade of $3.51B. Between 2017 and 2018 the exports of Scrap Plastic decreased by -35.6%, from  $5.44B to $3.51B. Trade in Scrap Plastic represent 0.019% of total world trade.

Exports: In 2018 the top exporters of Scrap Plastic  were United States ($426M), Germany ($419M), Japan ($377M), Belgium-Luxembourg ($172M), and France ($171M).

Imports: In 2018 the top importers of Scrap Plastic were Malaysia ($281M), United States ($240M), Germany ($208M), Hong Kong ($207M), and China ($187M).

Tariffs: In 2018 the average tariff for Scrap Plastic was 8.89%, been the 486 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%), Thailand (27.5%), and Bermuda (25%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).

Ranking: Scrap Plastic ranks 790th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): United States, $426M

Top Destination (2018): Malaysia, $281M

Scrap Plastic are the world's 593rd most traded product.

In 2018, the top exporters of Scrap Plastic were United States ($426M), Germany ($419M), Japan ($377M), Belgium-Luxembourg ($172M), and France ($171M).

In 2018, the top importers of Scrap Plastic were Malaysia ($281M), United States ($240M), Germany ($208M), Hong Kong ($207M), and China ($187M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Austria, $47.7M

Top Destination Growth (2017 - 2018): Malaysia, $155M

Between 2017 and 2018, the exports of Scrap Plastic grew the fastest in Austria ($47.7M), Switzerland ($7.51M), Croatia ($6.77M), Burma ($6.74M), and Kuwait ($5.85M).

Between 2017 and 2018, the fastest growing importers of Scrap Plastic were Malaysia ($155M), Chinese Taipei ($110M), Thailand ($95.7M), South Korea ($62.3M), and Indonesia ($54.3M).

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Market Concentration

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Cumulative market share

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

In 2018,  market concentration measured using Shannon Entropy, was 4.98. This means that most of the exports of Scrap Plastic are explained by 31 countries.

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TOP NET EXPORTER (2018): Japan, $372M

TOP NET IMPORTER (2018): Malaysia, $257M

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 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Scrap Plastic were Japan ($372M), Germany ($211M), United States ($186M), Mexico ($127M), and France ($99M).

In 2018, the countries that had a largest trade value in imports than in exports of Scrap Plastic were Malaysia ($257M), Vietnam ($147M), Chinese Taipei ($143M), Hong Kong ($142M), and India ($132M).

Trade Forecasts

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This section shows forecasts for total trade for Scrap Plastic. The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.

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Import Tariffs

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In 2018, the average tariff for importing Scrap Plastic was 8.89%.  The countries with the highest tariffs for importing Scrap Plastic were Bahamas (41.8%), Iran (30%), Nepal (29.5%), Thailand (27.5%), and Bermuda (25%).

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Product Complexity

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Diversification Frontier

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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.