Packing Bags6305 (Harmonized System 1992 for 4-digit)
World Trade (2019): $5.33B, Rnk 473 / 1217
Top Exporter (2019): $1.53B, China
Top Importer (2019): $736M, United States
Product Complexity (2019): -1.76, Rnk 914 / 961
Export Growth (CAGR)(2018 - 2019): -6.31%, Rnk 809 / 1217
Mean Tariff (2018): 15.8%, Rnk 176 / 1259
Share of World Trade (2019): 0.029%, Rnk 473 / 1217
Overview: This page contains the latest trade data of Packing Bags. In 2019, Packing Bags were the world's 473rd most traded product, with a total trade of $5.33B. Between 2018 and 2019 the exports of Packing Bags decreased by -6.31%, from $5.69B to $5.33B. Trade in Packing Bags represent 0.029% of total world trade.
Exports: In 2019 the top exporters of Packing Bags were China ($1.53B), India ($1.02B), Vietnam ($461M), Turkey ($319M), and Thailand ($155M).
Imports: In 2019 the top importers of Packing Bags were United States ($736M), Japan ($478M), Germany ($303M), South Korea ($286M), and France ($255M).
Tariffs: In 2018 the average tariff for Packing Bags was 15.8%, making it the 176th 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 914th in the Product Complexity Index (PCI).
Description: Sacks and bags are used to store a variety of different goods. They can be made from a variety of materials, including cotton, polyester, nylon, and polypropylene.
Trade By Country
Top Origin (2019): China, $1.53B
Top Destination (2019): United States, $736M
Packing Bags are the world's 473rd most traded product.
In 2019, the top exporters of Packing Bags were China ($1.53B), India ($1.02B), Vietnam ($461M), Turkey ($319M), and Thailand ($155M).
In 2019, the top importers of Packing Bags were United States ($736M), Japan ($478M), Germany ($303M), South Korea ($286M), and France ($255M).
Trade by country
Top Origin Growth (2018 - 2019): Thailand, $27.9M
Top Destination Growth (2018 - 2019): India, $15.1M
Between 2018 and 2019, the exports of Packing Bags grew the fastest in Thailand ($27.9M), United States ($16.3M), Vietnam ($12.8M), Pakistan ($12.6M), and Russia ($11.4M).
Between 2018 and 2019, the fastest growing importers of Packing Bags were India ($15.1M), Kazakhstan ($8.46M), Indonesia ($8.01M), Japan ($7.34M), and Russia ($7.18M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Packing Bags.
In 2019, market concentration measured using Shannon Entropy, was 4.18. This means that most of the exports of Packing Bags are explained by 18 countries.
TOP NET EXPORTER (2019): China, $1.51B
TOP NET IMPORTER (2019): United States, $610M
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 2019.
In 2019, the countries that had a largest trade value in exports than in imports of Packing Bags were China ($1.51B), India ($959M), Vietnam ($433M), Turkey ($312M), and Bangladesh ($109M).
In 2019, the countries that had a largest trade value in imports than in exports of Packing Bags were United States ($610M), Japan ($471M), South Korea ($266M), France ($222M), and Germany ($204M).
In 2019, the world most traded Packing Bags, disaggragated by their HS6 level were Sacks & bags, packing, polyethylene or... ($4.3B), Sacks & bags, packing, of other... ($454M), Sacks & bags, packing, of jute... ($253M), Sacks & bags, packing, of cotton ($171M), and Sacks & bags, packing, of materials... ($156M)
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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