HS Icon Moulds, injection & compression, for rubber or plasti

848071 (Harmonized System 1992 for 6-digit)

Overview:  This page contains the latest trade data of Moulds, injection & compression, for rubber or plasti. In 2019, Moulds, injection & compression, for rubber or plasti were the world's 239th most traded product, with a total trade of $12.2B. Between 2018 and 2019 the exports of Moulds, injection & compression, for rubber or plasti decreased by -5.02%, from $12.8B to $12.2B. Trade in Moulds, injection & compression, for rubber or plasti represent 0.067% of total world trade.

Exports: In 2019 the top exporters of Moulds, injection & compression, for rubber or plasti  were China ($3.84B), South Korea ($1.27B), Germany ($1.06B), Canada ($1.05B), and Japan ($769M).

Imports: In 2019 the top importers of Moulds, injection & compression, for rubber or plasti were United States ($2.03B), Germany ($1.03B), Mexico ($1.03B), Japan ($703M), and China ($468M).

Tariffs: In 2018 the average tariff for Moulds, injection & compression, for rubber or plasti was 3.61%, making it the 5338th lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Moulds, injection & compression, for rubber or plasti are Bahamas (40.2%), Argentina (33.4%), Brazil (28.7%), and Bermuda (25%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).

Ranking: Moulds, injection & compression, for rubber or plasti ranks 299th in the Product Complexity Index (PCI).

Description: Moulds are used for producing hollow products, such as bottles. Injection moulding is a manufacturing process that uses a heated cylinder to inject molten thermoplastic material into a mould cavity. Compression moulding is a form of manufacturing that uses a heated metal punch-and-die set to compress powdered thermoplastic material into a mould cavity.

Historical Data

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Exporters and Importers

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Trade By Country

Top Origin (2019): China, $3.84B

Top Destination (2019): United States, $2.03B

Moulds, injection & compression, for rubber or plasti are the world's 239th most traded product.

In 2019, the top exporters of Moulds, injection & compression, for rubber or plasti were China ($3.84B), South Korea ($1.27B), Germany ($1.06B), Canada ($1.05B), and Japan ($769M).

In 2019, the top importers of Moulds, injection & compression, for rubber or plasti were United States ($2.03B), Germany ($1.03B), Mexico ($1.03B), Japan ($703M), and China ($468M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): China, $156M

Top Destination Growth (2018 - 2019): Japan, $121M

Between 2018 and 2019, the exports of Moulds, injection & compression, for rubber or plasti grew the fastest in China ($156M), South Korea ($23.4M), India ($14.2M), Slovenia ($11.4M), and Spain ($10.7M).

Between 2018 and 2019, the fastest growing importers of Moulds, injection & compression, for rubber or plasti were Japan ($121M), Vietnam ($120M), India ($114M), Morocco ($45.6M), and Thailand ($35.4M).

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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 Moulds, injection & compression, for rubber or plasti.

In 2019,  market concentration measured using Shannon Entropy, was 3.78. This means that most of the exports of Moulds, injection & compression, for rubber or plasti are explained by 13 countries.

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TOP NET EXPORTER (2019): China, $3.37B

TOP NET IMPORTER (2019): United States, $1.46B

This map shows which countries export or import more of Moulds, injection & compression, for rubber or plasti. Each country is colored based on the difference in exports and imports of Moulds, injection & compression, for rubber or plasti during 2019.

In 2019, the countries that had a largest trade value in exports than in imports of Moulds, injection & compression, for rubber or plasti were China ($3.37B), South Korea ($1.19B), Canada ($861M), Italy ($411M), and Portugal ($400M).

In 2019, the countries that had a largest trade value in imports than in exports of Moulds, injection & compression, for rubber or plasti were United States ($1.46B), Mexico ($852M), Vietnam ($362M), India ($353M), and Thailand ($345M).

Import Tariffs

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In 2018, the average tariff for importing Moulds, injection & compression, for rubber or plasti was 3.61%. The countries with the highest tariffs for importing Moulds, injection & compression, for rubber or plasti were Bahamas (40.2%), Argentina (33.4%), Brazil (28.7%), and Bermuda (25%).

Product Complexity

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Diversification Frontier

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Specialization

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.