HS Icon Plastic stoppers, lids, caps and other closures

392350 (Harmonized System 1992 for 6-digit)

World Trade (2018): $8.44B, Rnk 378 / 4726

Top Exporter (2018): $1.23B, China

Top Importer (2018): $1.18B, United States

Product Complexity (2018): -0.16, Rnk 2873 / 4873

Export Growth (CAGR)(2017 - 2018): 10.1%, Rnk 2655 / 4726

Mean Tariff (2018): 10.8%, Rnk 2033 / 6538

Share of World Trade (2018): 0.046%, Rnk 378 / 4726

Overview:  This page contains the latest trade data of Plastic stoppers, lids, caps and other closures. In 2018, Plastic stoppers, lids, caps and other closures were the world's 378th most traded product, with a total trade of $8.44B. Between 2017 and 2018 the exports of Plastic stoppers, lids, caps and other closures grew by 10.1%, from  $7.67B to $8.44B. Trade in Plastic stoppers, lids, caps and other closures represent 0.046% of total world trade.

Exports: In 2018 the top exporters of Plastic stoppers, lids, caps and other closures  were China ($1.23B), Germany ($1.13B), France ($615M), Italy ($538M), and United States ($504M).

Imports: In 2018 the top importers of Plastic stoppers, lids, caps and other closures were United States ($1.18B), Germany ($686M), France ($653M), United Kingdom ($367M), and Italy ($322M).

Tariffs: In 2018 the average tariff for Plastic stoppers, lids, caps and other closures was 10.8%, been the 2033 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Plastic stoppers, lids, caps and other closures are Bahamas (42.4%), Iran (35%), Ethiopia (34.7%), Fiji (31.1%), and Uzbekistan (28.7%). The countries with the lowest tariffs are Mauritania (0%), Mauritius (0%), Hong Kong (0%), Singapore (0%), and Switzerland (0%).

Ranking: Plastic stoppers, lids, caps and other closures ranks 2873rd in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): China, $1.23B

Top Destination (2018): United States, $1.18B

Plastic stoppers, lids, caps and other closures are the world's 378th most traded product.

In 2018, the top exporters of Plastic stoppers, lids, caps and other closures were China ($1.23B), Germany ($1.13B), France ($615M), Italy ($538M), and United States ($504M).

In 2018, the top importers of Plastic stoppers, lids, caps and other closures were United States ($1.18B), Germany ($686M), France ($653M), United Kingdom ($367M), and Italy ($322M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Mexico, $94.2M

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

Between 2017 and 2018, the exports of Plastic stoppers, lids, caps and other closures grew the fastest in Mexico ($94.2M), China ($87.4M), Italy ($61.1M), Germany ($60.3M), and Belgium-Luxembourg ($48.9M).

Between 2017 and 2018, the fastest growing importers of Plastic stoppers, lids, caps and other closures were United States ($155M), Germany ($100M), France ($62.1M), Netherlands ($47.7M), and Italy ($40M).

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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 Plastic stoppers, lids, caps and other closures.

In 2018,  market concentration measured using Shannon Entropy, was 4.8. This means that most of the exports of Plastic stoppers, lids, caps and other closures are explained by 27 countries.

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TOP NET EXPORTER (2018): China, $1.11B

TOP NET IMPORTER (2018): United States, $675M

This map shows which countries export or import more of Plastic stoppers, lids, caps and other closures. Each country is colored based on the difference in exports and imports of Plastic stoppers, lids, caps and other closures during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Plastic stoppers, lids, caps and other closures were China ($1.11B), Germany ($440M), Italy ($216M), Canada ($157M), and Hungary ($122M).

In 2018, the countries that had a largest trade value in imports than in exports of Plastic stoppers, lids, caps and other closures were United States ($675M), Japan ($131M), Russia ($120M), United Kingdom ($106M), and Australia ($103M).

Trade Forecasts

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This section shows forecasts for total trade for Plastic stoppers, lids, caps and other closures. 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 Plastic stoppers, lids, caps and other closures was 10.8%.  The countries with the highest tariffs for importing Plastic stoppers, lids, caps and other closures were Bahamas (42.4%), Iran (35%), Ethiopia (34.7%), Fiji (31.1%), and Uzbekistan (28.7%).

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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.