HS Icon Plastic Building Materials

3925 (Harmonized System 1992 for 4-digit)

World Trade (2018): $11.5B, Rnk 296 / 1225

Top Exporter (2018): $1.98B, China

Top Importer (2018): $1.87B, United States

Product Complexity (2018): 0.097, Rnk 508 / 1018

Export Growth (CAGR)(2017 - 2018): 17.2%, Rnk 416 / 1225

Mean Tariff (2018): 12.4%, Rnk 300 / 1259

Share of World Trade (2018): 0.063%, Rnk 296 / 1225

Overview: In 2018, Plastic Building Materials were the world's 296th most traded product, with a total trade of $11.5B. Between 2017 and 2018 the exports of Plastic Building Materials grew by 17.2%, from  $9.84B to $11.5B. Trade in Plastic Building Materials represent 0.063% of total world trade.

Exports: In 2018 the top exporters of Plastic Building Materials  were China ($1.98B), Germany ($1.75B), Poland ($1.15B), Canada ($578M), and Belgium-Luxembourg ($442M).

Imports: In 2018 the top importers of Plastic Building Materials were United States ($1.87B), Germany ($1.02B), France ($927M), United Kingdom ($504M), and Netherlands ($502M).

Tariffs: In 2018 the average tariff for Plastic Building Materials was 12.4%, been the 300 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Plastic Building Materials are Sudan (35%), Zimbabwe (33.7%), Iran (30%), Angola (30%), and Nepal (30%). The countries with the lowest tariffs are Hong Kong (0%), Singapore (0%), Switzerland (0%), Norway (0%), and Peru (1.33%).

Ranking: Plastic Building Materials ranks 508th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): China, $1.98B

Top Destination (2018): United States, $1.87B

Plastic Building Materials are the world's 296th most traded product.

In 2018, the top exporters of Plastic Building Materials were China ($1.98B), Germany ($1.75B), Poland ($1.15B), Canada ($578M), and Belgium-Luxembourg ($442M).

In 2018, the top importers of Plastic Building Materials were United States ($1.87B), Germany ($1.02B), France ($927M), United Kingdom ($504M), and Netherlands ($502M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Poland, $502M

Top Destination Growth (2017 - 2018): France, $240M

Between 2017 and 2018, the exports of Plastic Building Materials grew the fastest in Poland ($502M), Germany ($235M), Belgium-Luxembourg ($101M), United States ($98.9M), and Czechia ($73.3M).

Between 2017 and 2018, the fastest growing importers of Plastic Building Materials were France ($240M), Germany ($197M), Italy ($152M), United States ($141M), and Poland ($78.4M).

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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 Building Materials.

In 2018,  market concentration measured using Shannon Entropy, was 4.62. This means that most of the exports of Plastic Building Materials are explained by 24 countries.

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TOP NET EXPORTER (2018): China, $1.89B

TOP NET IMPORTER (2018): United States, $1.53B

This map shows which countries export or import more of Plastic Building Materials. Each country is colored based on the difference in exports and imports of Plastic Building Materials during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Plastic Building Materials were China ($1.89B), Poland ($895M), Germany ($737M), Canada ($419M), and Turkey ($207M).

In 2018, the countries that had a largest trade value in imports than in exports of Plastic Building Materials were United States ($1.53B), France ($571M), Switzerland ($341M), United Kingdom ($210M), and Netherlands ($191M).

Trade Forecasts

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This section shows forecasts for total trade for Plastic Building Materials. 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 Building Materials was 12.4%.  The countries with the highest tariffs for importing Plastic Building Materials were Sudan (35%), Zimbabwe (33.7%), Iran (30%), Angola (30%), and Nepal (30%).

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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.