HS Icon Other Plastic Products

3926 (Harmonized System 1992 for 4-digit)

World Trade (2018): $80.1B, Rnk 34 / 1225

Top Exporter (2018): $20.7B, China

Top Importer (2018): $12.2B, United States

Product Complexity (2018): 0.9, Rnk 206 / 1018

Export Growth (CAGR)(2017 - 2018): 11.5%, Rnk 699 / 1225

Mean Tariff (2018): 13.5%, Rnk 254 / 1259

Share of World Trade (2018): 0.44%, Rnk 34 / 1225

Overview:  This page contains the latest trade data of Other Plastic Products. In 2018, Other Plastic Products were the world's 34th most traded product, with a total trade of $80.1B. Between 2017 and 2018 the exports of Other Plastic Products grew by 11.5%, from  $71.9B to $80.1B. Trade in Other Plastic Products represent 0.44% of total world trade.

Exports: In 2018 the top exporters of Other Plastic Products  were China ($20.7B), Germany ($10.3B), United States ($6.44B), Italy ($3.33B), and France ($2.97B).

Imports: In 2018 the top importers of Other Plastic Products were United States ($12.2B), Germany ($7.41B), Mexico ($4.22B), France ($3.74B), and Japan ($3.18B).

Tariffs: In 2018 the average tariff for Other Plastic Products was 13.5%, been the 254 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Other Plastic Products are Sudan (32.8%), Iran (28.5%), Cambodia (23.8%), Nepal (23.8%), and Algeria (23.2%). The countries with the lowest tariffs are Hong Kong (0%), Singapore (0%), Switzerland (0%), Norway (0%), and Japan (1.98%).

Ranking: Other Plastic Products ranks 206th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): China, $20.7B

Top Destination (2018): United States, $12.2B

Other Plastic Products are the world's 34th most traded product.

In 2018, the top exporters of Other Plastic Products were China ($20.7B), Germany ($10.3B), United States ($6.44B), Italy ($3.33B), and France ($2.97B).

In 2018, the top importers of Other Plastic Products were United States ($12.2B), Germany ($7.41B), Mexico ($4.22B), France ($3.74B), and Japan ($3.18B).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Germany, $1.07B

Top Destination Growth (2017 - 2018): United States, $1.5B

Between 2017 and 2018, the exports of Other Plastic Products grew the fastest in Germany ($1.07B), China ($732M), Netherlands ($714M), Poland ($661M), and Thailand ($606M).

Between 2017 and 2018, the fastest growing importers of Other Plastic Products were United States ($1.5B), Germany ($1.09B), United Kingdom ($470M), Thailand ($457M), and Netherlands ($362M).

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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 Other Plastic Products.

In 2018,  market concentration measured using Shannon Entropy, was 4.38. This means that most of the exports of Other Plastic Products are explained by 20 countries.

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TOP NET EXPORTER (2018): China, $17.6B

TOP NET IMPORTER (2018): United States, $5.72B

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

In 2018, the countries that had a largest trade value in exports than in imports of Other Plastic Products were China ($17.6B), Germany ($2.87B), Italy ($1.4B), Chinese Taipei ($1.27B), and South Korea ($578M).

In 2018, the countries that had a largest trade value in imports than in exports of Other Plastic Products were United States ($5.72B), Mexico ($2.19B), United Kingdom ($1.26B), Hong Kong ($1.02B), and Australia ($929M).

Trade Forecasts

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This section shows forecasts for total trade for Other Plastic Products. 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 Other Plastic Products was 13.5%.  The countries with the highest tariffs for importing Other Plastic Products were Sudan (32.8%), Iran (28.5%), Cambodia (23.8%), Nepal (23.8%), and Algeria (23.2%).

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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.