HS Icon Scrap Plastic

3915 (Harmonized System 1992 for 4-digit)

 2019
World Trade
: $3.17B, Rnk 622 / 1217

2019
Top Exporter | Top Importer
: $381M | $235M, Germany | Malaysia

2019
Product Complexity
: -0.81, Rnk 738 / 961

2018 - 2019
Export Growth (CAGR)
: -12.2%, Rnk 1021 / 1217

2018
Mean Tariff
: 8.89%, Rnk 486 / 1259

 2019
Share of World Trade
: 0.017%, Rnk 622 / 1217

Overview:  This page contains the latest trade data of Scrap Plastic. In 2019, Scrap Plastic were the world's 622nd most traded product, with a total trade of $3.17B. Between 2018 and 2019 the exports of Scrap Plastic decreased by -12.2%, from  $3.61B to $3.17B. Trade in Scrap Plastic represent 0.017% of total world trade.

Exports: In 2019 the top exporters of Scrap Plastic  were Germany ($381M), Japan ($340M), United States ($283M), Netherlands ($156M), and France ($155M).

Imports: In 2019 the top importers of Scrap Plastic were Malaysia ($235M), United States ($215M), Germany ($201M), Netherlands ($172M), and China ($172M).

Tariffs: In 2018 the average tariff for Scrap Plastic was 8.89%, making it the 486th lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Scrap Plastic are Bahamas (41.8%), Iran (30%), Nepal (29.5%), Thailand (27.5%), and Bermuda (25%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).

Ranking: Scrap Plastic ranks 738th in the Product Complexity Index (PCI).

Description: In many countries, plastic waste is burned to generate electricity. Plastic scrap is melted and reformed into new items. Plastic parings are used to make a number of items including brooms, brushes, and toothbrushes.

Exporters and Importers

#permalink to section

Trade By Country

Top Origin (2019): Germany, $381M

Top Destination (2019): Malaysia, $235M

Scrap Plastic are the world's 622nd most traded product.

In 2019, the top exporters of Scrap Plastic were Germany ($381M), Japan ($340M), United States ($283M), Netherlands ($156M), and France ($155M).

In 2019, the top importers of Scrap Plastic were Malaysia ($235M), United States ($215M), Germany ($201M), Netherlands ($172M), and China ($172M).

Explore Visualizations

Market Dynamics

#permalink to section

Trade by country

Value

Top Origin Growth (2018 -  2019): Philippines, $59.3M

Top Destination Growth (2018 - 2019): Japan, $18.6M

Between 2018 and 2019, the exports of Scrap Plastic grew the fastest in Philippines ($59.3M), Brazil ($19.4M), China ($12M), Jamaica ($4.3M), and Slovakia ($3.4M).

Between 2018 and 2019, the fastest growing importers of Scrap Plastic were Japan ($18.6M), United Kingdom ($11.9M), Oman ($10.5M), Slovenia ($9.58M), and Laos ($8.24M).

Explore Visualizations

Market Concentration

#permalink to section

Cumulative market share

This chart shows the evolution of the market concentration of exports of Scrap Plastic.

In 2019,  market concentration measured using Shannon Entropy, was 5.08. This means that most of the exports of Scrap Plastic are explained by 33 countries.

Explore Visualizations

TOP NET EXPORTER (2019): Japan, $315M

TOP NET IMPORTER (2019): Malaysia, $214M

This map shows which countries export or import more of Scrap Plastic. Each country is colored based on the difference in exports and imports of Scrap Plastic during 2019.

In 2019, the countries that had a largest trade value in exports than in imports of Scrap Plastic were Japan ($315M), Germany ($179M), Mexico ($104M), Philippines ($96.4M), and France ($76.8M).

In 2019, the countries that had a largest trade value in imports than in exports of Scrap Plastic were Malaysia ($214M), Chinese Taipei ($131M), Hong Kong ($119M), Vietnam ($101M), and Turkey ($92.3M).

Disaggregation

#permalink to section
Value

In 2019, the world most traded Scrap Plastic, disaggragated by their HS6 level were Plastics waste or scrap nes ($1.71B), Polyethylene waste or scrap ($1.12B), Polystyrene waste or scrap ($205M), and Polyvinyl chloride waste or scrap ($135M)

Import Tariffs

#permalink to section

In 2018, the average tariff for importing Scrap Plastic was 8.89%.  The countries with the highest tariffs for importing Scrap Plastic were Bahamas (41.8%), Iran (30%), Nepal (29.5%), Thailand (27.5%), and Bermuda (25%).

Explore Tariff Data

Product Complexity

#permalink to section

Diversification Frontier

#permalink to section
Filter

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.