HS Icon Plastic articles nes

392690 (Harmonized System 1992 for 6-digit)

World Trade (2018): $65.7B, Rnk 30 / 4726

Top Exporter (2018): $14B, China

Top Importer (2018): $9.26B, United States

Product Complexity (2018): 0.71, Rnk 1272 / 4873

Export Growth (CAGR)(2017 - 2018): 11.4%, Rnk 2458 / 4726

Mean Tariff (2018): 9.05%, Rnk 2525 / 6538

Share of World Trade (2018): 0.36%, Rnk 30 / 4726

Overview:  This page contains the latest trade data of Plastic articles nes. In 2018, Plastic articles nes were the world's 30th most traded product, with a total trade of $65.7B. Between 2017 and 2018 the exports of Plastic articles nes grew by 11.4%, from  $59B to $65.7B. Trade in Plastic articles nes represent 0.36% of total world trade.

Exports: In 2018 the top exporters of Plastic articles nes  were China ($14B), Germany ($8.97B), United States ($5.98B), Italy ($3.12B), and France ($2.57B).

Imports: In 2018 the top importers of Plastic articles nes were United States ($9.26B), Germany ($6.19B), Mexico ($3.81B), France ($3.06B), and China ($2.88B).

Tariffs: In 2018 the average tariff for Plastic articles nes was 9.05%, been the 2525 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Plastic articles nes are Sudan (30.4%), Fiji (25.6%), Bermuda (25%), Cambodia (24.5%), and Malawi (22.6%). The countries with the lowest tariffs are Mauritius (0%), Hong Kong (0%), Singapore (0%), Switzerland (0%), and Norway (0%).

Ranking: Plastic articles nes ranks 1272nd in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): China, $14B

Top Destination (2018): United States, $9.26B

Plastic articles nes are the world's 30th most traded product.

In 2018, the top exporters of Plastic articles nes were China ($14B), Germany ($8.97B), United States ($5.98B), Italy ($3.12B), and France ($2.57B).

In 2018, the top importers of Plastic articles nes were United States ($9.26B), Germany ($6.19B), Mexico ($3.81B), France ($3.06B), and China ($2.88B).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Germany, $1.05B

Top Destination Growth (2017 - 2018): United States, $1.33B

Between 2017 and 2018, the exports of Plastic articles nes grew the fastest in Germany ($1.05B), Netherlands ($635M), Thailand ($580M), Italy ($577M), and United States ($472M).

Between 2017 and 2018, the fastest growing importers of Plastic articles nes were United States ($1.33B), Germany ($846M), Thailand ($452M), Netherlands ($399M), and United Kingdom ($348M).

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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 articles nes.

In 2018,  market concentration measured using Shannon Entropy, was 4.5. This means that most of the exports of Plastic articles nes are explained by 22 countries.

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TOP NET EXPORTER (2018): China, $11.1B

TOP NET IMPORTER (2018): United States, $3.28B

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

In 2018, the countries that had a largest trade value in exports than in imports of Plastic articles nes were China ($11.1B), Germany ($2.78B), Italy ($1.5B), Chinese Taipei ($1.19B), and South Korea ($457M).

In 2018, the countries that had a largest trade value in imports than in exports of Plastic articles nes were United States ($3.28B), Mexico ($2B), United Kingdom ($877M), Hong Kong ($832M), and Australia ($765M).

Trade Forecasts

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This section shows forecasts for total trade for Plastic articles nes. 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 articles nes was 9.05%.  The countries with the highest tariffs for importing Plastic articles nes were Sudan (30.4%), Fiji (25.6%), Bermuda (25%), Cambodia (24.5%), and Malawi (22.6%).

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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.