Overview: This page contains the latest trade data of Plastics and Rubbers. In 2018, Plastics and Rubbers were the world's 6th most traded product, with a total trade of $845B. Between 2017 and 2018 the exports of Plastics and Rubbers grew by 11.2%, from $760B to $845B. Trade in Plastics and Rubbers represent 4.59% of total world trade.
Imports: In 2018 the top importers of Plastics and Rubberswere United States ($89.9B), China ($79.3B), Germany ($63.9B), France ($34.1B), and Mexico ($30.4B).
Tariffs: In 2018 the average tariff for Plastics and Rubbers was 7.65%, making it the 13th lowest tariff using the Section product classification.
In 2018, the top importers of Plastics and Rubbers were United States ($89.9B), China ($79.3B), Germany ($63.9B), France ($34.1B), and Mexico ($30.4B).
Between 2017 and 2018, the fastest growing importers of Plastics and Rubbers were United States ($8.65B), Germany ($6.98B), Vietnam ($5.4B), Poland ($3.47B), and France ($3.38B).
This chart shows the evolution of the market concentration of exports of Plastics and Rubbers.
In 2018, market concentration measured using Shannon Entropy, was 4.95. This means that most of the exports of Plastics and Rubbers are explained by 30 countries.
This map shows which countries export or import more of Plastics and Rubbers. Each country is colored based on the difference in exports and imports of Plastics and Rubbers during 2018.
In 2018, the countries that had a largest trade value in exports than in imports of Plastics and Rubbers were South Korea ($29B), China ($26.8B), Germany ($25B), Thailand ($20.1B), and Saudi Arabia ($18.7B).
In 2018, the countries that had a largest trade value in imports than in exports of Plastics and Rubbers were Mexico ($17.6B), United States ($13.4B), United Kingdom ($9.9B), Hong Kong ($8.44B), and Australia ($8.24B).
In 2018, the average tariff for importing Plastics and Rubbers was 7.65%. The countries with the highest tariffs for importing Plastics and Rubbers were Bahamas (32.4%), Maldives (30.2%), Bermuda (25.1%), Iran (16.9%), and Pakistan (16.6%).
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.