Other Plastic Products3926 (Harmonized System 1992 for 4-digit)
World Trade (2019): $82.8B, Rnk 31 / 1217
Top Exporter (2019): $22.7B, China
Top Importer (2019): $12.8B, United States
Product Complexity (2019): 0.86, Rnk 200 / 961
Export Growth (CAGR)(2018 - 2019): 0.95%, Rnk 330 / 1217
Mean Tariff (2018): 13.5%, Rnk 254 / 1259
Share of World Trade (2019): 0.46%, Rnk 31 / 1217
Overview: This page contains the latest trade data of Other Plastic Products. In 2019, Other Plastic Products were the world's 31st most traded product, with a total trade of $82.8B. Between 2018 and 2019 the exports of Other Plastic Products grew by 0.95%, from $82B to $82.8B. Trade in Other Plastic Products represent 0.46% of total world trade.
Exports: In 2019 the top exporters of Other Plastic Products were China ($22.7B), Germany ($9.87B), United States ($7.6B), Italy ($3.25B), and France ($2.92B).
Imports: In 2019 the top importers of Other Plastic Products were United States ($12.8B), Germany ($7.22B), Mexico ($4.12B), France ($3.7B), and Japan ($3.22B).
Tariffs: In 2018 the average tariff for Other Plastic Products was 13.5%, making it the 254th 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 200th in the Product Complexity Index (PCI).
Description: Office supplies, gloves, stickers, sequines, hangers or articles of polyurethane foam are used for their respective purposes. Office supplies are used for office work, gloves are used for protection from the elements, stickers are used to identify something, sequins are used to decorate clothing, hangers are used to hang clothing, and articles of polyurethane foam are used as padding or insulation.
Trade By Country
Top Origin (2019): China, $22.7B
Top Destination (2019): United States, $12.8B
Other Plastic Products are the world's 31st most traded product.
In 2019, the top exporters of Other Plastic Products were China ($22.7B), Germany ($9.87B), United States ($7.6B), Italy ($3.25B), and France ($2.92B).
In 2019, the top importers of Other Plastic Products were United States ($12.8B), Germany ($7.22B), Mexico ($4.12B), France ($3.7B), and Japan ($3.22B).
Trade by country
Top Origin Growth (2018 - 2019): China, $1.93B
Top Destination Growth (2018 - 2019): United States, $604M
Between 2018 and 2019, the exports of Other Plastic Products grew the fastest in China ($1.93B), Vietnam ($107M), Hungary ($98.5M), Spain ($60.7M), and Malaysia ($46.7M).
Between 2018 and 2019, the fastest growing importers of Other Plastic Products were United States ($604M), Vietnam ($173M), Singapore ($133M), Philippines ($129M), and United Kingdom ($117M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Other Plastic Products.
In 2019, market concentration measured using Shannon Entropy, was 4.34. This means that most of the exports of Other Plastic Products are explained by 20 countries.
TOP NET EXPORTER (2019): China, $19.7B
TOP NET IMPORTER (2019): United States, $5.22B
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 2019.
In 2019, the countries that had a largest trade value in exports than in imports of Other Plastic Products were China ($19.7B), Germany ($2.65B), Italy ($1.25B), Chinese Taipei ($1.17B), and South Korea ($522M).
In 2019, the countries that had a largest trade value in imports than in exports of Other Plastic Products were United States ($5.22B), Mexico ($2.05B), United Kingdom ($1.43B), Hong Kong ($951M), and Canada ($942M).
In 2019, the world most traded Other Plastic Products, disaggragated by their HS6 level were Plastic articles nes ($68.1B), Plastic fittings for furniture, coachwork, etc ($4.68B), Plastic apparel and clothing accessories (including... ($4.13B), Plastic statuettes and other ornamental articles ($3.51B), and Plastic office and school articles and... ($2.32B)
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.
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