Packing Bags6305 (Harmonized System 1992 for 4-digit)
World Trade (2018): $5.42B, Rnk 477 / 1225
Top Exporter (2018): $1.65B, China
Top Importer (2018): $775M, United States
Product Complexity (2018): -1.68, Rnk 965 / 1018
Export Growth (CAGR)(2017 - 2018): 18%, Rnk 387 / 1225
Mean Tariff (2018): 15.8%, Rnk 176 / 1259
Share of World Trade (2018): 0.029%, Rnk 477 / 1225
Overview: This page contains the latest trade data of Packing Bags. In 2018, Packing Bags were the world's 477th most traded product, with a total trade of $5.42B. Between 2017 and 2018 the exports of Packing Bags grew by 18%, from $4.59B to $5.42B. Trade in Packing Bags represent 0.029% of total world trade.
Exports: In 2018 the top exporters of Packing Bags were China ($1.65B), India ($1.05B), Vietnam ($425M), Turkey ($359M), and Thailand ($126M).
Imports: In 2018 the top importers of Packing Bags were United States ($775M), Japan ($466M), Germany ($326M), South Korea ($285M), and France ($269M).
Tariffs: In 2018 the average tariff for Packing Bags was 15.8%, been the 176 lowest tariff using the HS4 product classification.
The countries with the highest import tariffs for Packing Bags are Iran (65%), Syria (54.1%), Maldives (49.1%), and Brazil (33.6%). The countries with the lowest tariffs are Angola (0%), Mauritius (0%), Hong Kong (0%), Singapore (0%), and Switzerland (0%).
Ranking: Packing Bags ranks 965th in the Product Complexity Index (PCI).
Trade By Country
Top Origin (2018): China, $1.65B
Top Destination (2018): United States, $775M
Packing Bags are the world's 477th most traded product.
In 2018, the top exporters of Packing Bags were China ($1.65B), India ($1.05B), Vietnam ($425M), Turkey ($359M), and Thailand ($126M).
In 2018, the top importers of Packing Bags were United States ($775M), Japan ($466M), Germany ($326M), South Korea ($285M), and France ($269M).
Trade by country
Top Origin Growth (2017 - 2018): China, $307M
Top Destination Growth (2017 - 2018): United States, $147M
Between 2017 and 2018, the exports of Packing Bags grew the fastest in China ($307M), India ($130M), Vietnam ($85.2M), Turkey ($58.2M), and Belgium-Luxembourg ($49.2M).
Between 2017 and 2018, the fastest growing importers of Packing Bags were United States ($147M), France ($89M), Netherlands ($61.4M), Japan ($56M), and Germany ($48.9M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Packing Bags.
In 2018, market concentration measured using Shannon Entropy, was 4.07. This means that most of the exports of Packing Bags are explained by 16 countries.
TOP NET EXPORTER (2018): China, $1.63B
TOP NET IMPORTER (2018): United States, $666M
This map shows which countries export or import more of Packing Bags. Each country is colored based on the difference in exports and imports of Packing Bags during 2018.
In 2018, the countries that had a largest trade value in exports than in imports of Packing Bags were China ($1.63B), India ($999M), Vietnam ($401M), Turkey ($352M), and Bangladesh ($109M).
In 2018, the countries that had a largest trade value in imports than in exports of Packing Bags were United States ($666M), Japan ($460M), South Korea ($266M), France ($236M), and Germany ($213M).
In 2018, the average tariff for importing Packing Bags was 15.8%. The countries with the highest tariffs for importing Packing Bags were Iran (65%), Syria (54.1%), Maldives (49.1%), and Brazil (33.6%).
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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