Plastic Lids3923 (Harmonized System 1992 for 4-digit)
2019 World Trade: $56.5B, Rnk 58 / 1217
2019 Top Exporter | Top Importer: $9.9B | $8.59B, China | United States
2019 Product Complexity: -0.18, Rnk 578 / 961
2018 - 2019 Export Growth (CAGR): -1.51%, Rnk 514 / 1217
2018 Mean Tariff: 11.5%, Rnk 345 / 1259
2019 Share of World Trade: 0.31%, Rnk 58 / 1217
Overview: This page contains the latest trade data of Plastic Lids. In 2019, Plastic Lids were the world's 58th most traded product, with a total trade of $56.5B. Between 2018 and 2019 the exports of Plastic Lids decreased by -1.51%, from $57.4B to $56.5B. Trade in Plastic Lids represent 0.31% of total world trade.
Exports: In 2019 the top exporters of Plastic Lids were China ($9.9B), United States ($5.6B), Germany ($5.06B), France ($2.45B), and Italy ($1.95B).
Imports: In 2019 the top importers of Plastic Lids were United States ($8.59B), Germany ($4.11B), France ($3B), Mexico ($2.57B), and Japan ($2.54B).
Tariffs: In 2018 the average tariff for Plastic Lids was 11.5%, making it the 345th lowest tariff using the HS4 product classification.
The countries with the highest import tariffs for Plastic Lids are Maldives (135%), Bahamas (36.4%), Ethiopia (30.7%), Uzbekistan (28.6%), and Algeria (27.9%). The countries with the lowest tariffs are Hong Kong (0%), Singapore (0%), Switzerland (0%), Norway (0%), and Canada (1.24%).
Ranking: Plastic Lids ranks 578th in the Product Complexity Index (PCI).
Description: Plastic articles for the conveyance or packaging of goods may include: Airtight containers, Bags, Bottles, Boxes, Cans, Containers, Drums, Egg cartons, Envelopes, Flexible packaging, Foam cups, Foam trays, Foils, Jars, Labels, Lids, Packaging films, Packaging materials, Packing cases, Pens, Plastic caps and closures, Plastic drums, Polypropylene bags, Polystyrene foam cups, Polystyrene foam trays or Polyvinyl chloride (PVC) bottles.
Trade By Country
Top Origin (2019): China, $9.9B
Top Destination (2019): United States, $8.59B
Plastic Lids are the world's 58th most traded product.
In 2019, the top exporters of Plastic Lids were China ($9.9B), United States ($5.6B), Germany ($5.06B), France ($2.45B), and Italy ($1.95B).
In 2019, the top importers of Plastic Lids were United States ($8.59B), Germany ($4.11B), France ($3B), Mexico ($2.57B), and Japan ($2.54B).
Trade by country
Between 2018 and 2019, the exports of Plastic Lids grew the fastest in China ($282M), Mexico ($85.1M), South Korea ($85M), India ($63.4M), and Vietnam ($62.8M).
Between 2018 and 2019, the fastest growing importers of Plastic Lids were Vietnam ($97.3M), Malaysia ($80.5M), Morocco ($65.5M), South Korea ($53.9M), and Indonesia ($52.4M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Plastic Lids.
In 2019, market concentration measured using Shannon Entropy, was 4.97. This means that most of the exports of Plastic Lids are explained by 31 countries.
TOP NET EXPORTER (2019): China, $8.87B
TOP NET IMPORTER (2019): United States, $2.99B
This map shows which countries export or import more of Plastic Lids. Each country is colored based on the difference in exports and imports of Plastic Lids during 2019.
In 2019, the countries that had a largest trade value in exports than in imports of Plastic Lids were China ($8.87B), Germany ($947M), South Korea ($758M), Thailand ($730M), and Turkey ($702M).
In 2019, the countries that had a largest trade value in imports than in exports of Plastic Lids were United States ($2.99B), Japan ($1.83B), United Kingdom ($1.18B), Australia ($854M), and Mexico ($716M).
In 2019, the world most traded Plastic Lids, disaggragated by their HS6 level were Boxes, cases, crates etc. of plastic ($12B), Sacks & bags (including cones) of... ($11.5B), Plastic carboys, bottles and flasks, etc ($9.57B), Plastic stoppers, lids, caps and other... ($8.86B), and Plastic articles for goods conveyance or... ($8.69B)
In 2018, the average tariff for importing Plastic Lids was 11.5%. The countries with the highest tariffs for importing Plastic Lids were Maldives (135%), Bahamas (36.4%), Ethiopia (30.7%), Uzbekistan (28.6%), and Algeria (27.9%).
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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