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.