HS Icon Plastic articles for goods conveyance or packing nes

392390 (Harmonized System 1992 for 6-digit)

World Trade (2018): $8.03B, Rnk 399 / 4726

Top Exporter (2018): $1.2B, China

Top Importer (2018): $1.41B, United States

Product Complexity (2018): 0.026, Rnk 2585 / 4873

Export Growth (CAGR)(2017 - 2018): 12.1%, Rnk 2347 / 4726

Mean Tariff (2018): 13.1%, Rnk 1554 / 6538

Share of World Trade (2018): 0.044%, Rnk 399 / 4726

Overview:  This page contains the latest trade data of Plastic articles for goods conveyance or packing nes. In 2018, Plastic articles for goods conveyance or packing nes were the world's 399th most traded product, with a total trade of $8.03B. Between 2017 and 2018 the exports of Plastic articles for goods conveyance or packing nes grew by 12.1%, from  $7.16B to $8.03B. Trade in Plastic articles for goods conveyance or packing nes represent 0.044% of total world trade.

Exports: In 2018 the top exporters of Plastic articles for goods conveyance or packing nes  were China ($1.2B), Germany ($712M), United States ($695M), Canada ($469M), and Mexico ($345M).

Imports: In 2018 the top importers of Plastic articles for goods conveyance or packing nes were United States ($1.41B), Germany ($631M), Mexico ($480M), France ($366M), and United Kingdom ($343M).

Tariffs: In 2018 the average tariff for Plastic articles for goods conveyance or packing nes was 13.1%, been the 1554 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Plastic articles for goods conveyance or packing nes are Bahamas (41.8%), Iran (35%), Sudan (35%), Ethiopia (34.7%), and Fiji (31.1%). The countries with the lowest tariffs are Mauritius (0%), Hong Kong (0%), Singapore (0%), Switzerland (0%), and Norway (0%).

Ranking: Plastic articles for goods conveyance or packing nes ranks 2585th in the Product Complexity Index (PCI).

Exporters and Importers

#permalink to section

Trade By Country

Top Origin (2018): China, $1.2B

Top Destination (2018): United States, $1.41B

Plastic articles for goods conveyance or packing nes are the world's 399th most traded product.

In 2018, the top exporters of Plastic articles for goods conveyance or packing nes were China ($1.2B), Germany ($712M), United States ($695M), Canada ($469M), and Mexico ($345M).

In 2018, the top importers of Plastic articles for goods conveyance or packing nes were United States ($1.41B), Germany ($631M), Mexico ($480M), France ($366M), and United Kingdom ($343M).

Explore Visualizations

Market Dynamics

#permalink to section

Trade by country

Value

Top Origin Growth (2017 -  2018): Thailand, $83.3M

Top Destination Growth (2017 - 2018): United States, $183M

Between 2017 and 2018, the exports of Plastic articles for goods conveyance or packing nes grew the fastest in Thailand ($83.3M), Mexico ($80.7M), China ($75.9M), Netherlands ($71.7M), and Israel ($61.3M).

Between 2017 and 2018, the fastest growing importers of Plastic articles for goods conveyance or packing nes were United States ($183M), Germany ($94M), Japan ($68M), Spain ($62.7M), and Belgium-Luxembourg ($59.4M).

Explore Visualizations

Market Concentration

#permalink to section

Cumulative market share

This chart shows the evolution of the market concentration of exports of Plastic articles for goods conveyance or packing nes.

In 2018,  market concentration measured using Shannon Entropy, was 4.93. This means that most of the exports of Plastic articles for goods conveyance or packing nes are explained by 30 countries.

Explore Visualizations

TOP NET EXPORTER (2018): China, $991M

TOP NET IMPORTER (2018): United States, $718M

This map shows which countries export or import more of Plastic articles for goods conveyance or packing nes. Each country is colored based on the difference in exports and imports of Plastic articles for goods conveyance or packing nes during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Plastic articles for goods conveyance or packing nes were China ($991M), Canada ($404M), Malaysia ($150M), Switzerland ($148M), and Italy ($93.7M).

In 2018, the countries that had a largest trade value in imports than in exports of Plastic articles for goods conveyance or packing nes were United States ($718M), United Kingdom ($190M), Mexico ($136M), Australia ($105M), and Singapore ($100M).

Trade Forecasts

#permalink to section

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

Explore Forecasts

Import Tariffs

#permalink to section

In 2018, the average tariff for importing Plastic articles for goods conveyance or packing nes was 13.1%.  The countries with the highest tariffs for importing Plastic articles for goods conveyance or packing nes were Bahamas (41.8%), Iran (35%), Sudan (35%), Ethiopia (34.7%), and Fiji (31.1%).

Explore Tariff Data

Product Complexity

#permalink to section

Diversification Frontier

#permalink to section
Filter

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.