HS Icon Plastic articles nes

392690 (Harmonized System 1992 for 6-digit)

Overview:  This page contains the latest trade data of Plastic articles nes. In 2019, Plastic articles nes were the world's 29th most traded product, with a total trade of $68.1B. Between 2018 and 2019 the exports of Plastic articles nes grew by 1.11%, from $67.4B to $68.1B. Trade in Plastic articles nes represent 0.38% of total world trade.

Exports: In 2019 the top exporters of Plastic articles nes  were China ($15.6B), Germany ($8.71B), United States ($7.08B), Italy ($3.05B), and France ($2.54B).

Imports: In 2019 the top importers of Plastic articles nes were United States ($9.78B), Germany ($6.1B), Mexico ($3.69B), France ($3.07B), and China ($2.77B).

Tariffs: In 2018 the average tariff for Plastic articles nes was 9.05%, making it the 2525th 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 1216th in the Product Complexity Index (PCI).

Description: Plastics are typically used as packaging for food and drink, as well as for containers for certain kinds of household cleaners. Plastics are also used in automobiles, appliances, furniture, and electronics. Examples include polyvinyl chloride (PVC) and polyethylene terephthalate.

Historical Data

#permalink to section

Exporters and Importers

#permalink to section

Trade By Country

Top Origin (2019): China, $15.6B

Top Destination (2019): United States, $9.78B

Plastic articles nes are the world's 29th most traded product.

In 2019, the top exporters of Plastic articles nes were China ($15.6B), Germany ($8.71B), United States ($7.08B), Italy ($3.05B), and France ($2.54B).

In 2019, the top importers of Plastic articles nes were United States ($9.78B), Germany ($6.1B), Mexico ($3.69B), France ($3.07B), and China ($2.77B).

Explore Visualizations

Market Dynamics

#permalink to section

Trade by country

Value

Top Origin Growth (2018 -  2019): China, $1.63B

Top Destination Growth (2018 - 2019): United States, $483M

Between 2018 and 2019, the exports of Plastic articles nes grew the fastest in China ($1.63B), Hungary ($87.3M), Vietnam ($86.8M), Czechia ($53.6M), and Malaysia ($51.5M).

Between 2018 and 2019, the fastest growing importers of Plastic articles nes were United States ($483M), Vietnam ($142M), United Kingdom ($127M), Singapore ($115M), and Philippines ($102M).

Explore Visualizations

Market Concentration

#permalink to section

Cumulative market share

This chart shows the evolution of the market concentration of exports of Plastic articles nes.

In 2019,  market concentration measured using Shannon Entropy, was 4.45. This means that most of the exports of Plastic articles nes are explained by 21 countries.

Explore Visualizations

TOP NET EXPORTER (2019): China, $12.9B

TOP NET IMPORTER (2019): United States, $2.7B

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 2019.

In 2019, the countries that had a largest trade value in exports than in imports of Plastic articles nes were China ($12.9B), Germany ($2.6B), Italy ($1.39B), Chinese Taipei ($1.1B), and South Korea ($427M).

In 2019, the countries that had a largest trade value in imports than in exports of Plastic articles nes were United States ($2.7B), Mexico ($1.85B), United Kingdom ($1.03B), Hong Kong ($849M), and Canada ($833M).

Import Tariffs

#permalink to section

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%).

Product Complexity

#permalink to section

Diversification Frontier

#permalink to section
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.