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2022
Exports $6.79BWorld Rnk 2 / 220
Flag Rnk 47 / 1217
2022
Destination $290M Canada
2021 - 2022
FASTEST GROWING MARKET $290MCanada
2022
PRODUCT COMPLEXITY IN Plastic Lids-0.17Rnk 606 / 1025
2022
Imports $11.2BWorld Rnk 1 / 225
Flag Rnk 59 / 1216
2022
Origin $374M China
2021 - 2022
FASTEST GROWING ORIGIN $374MMexico
2022
ECONOMIC COMPLEXITY of United States1.47Rnk 10 / 133

About

Exports In 2022, United States exported $6.79B in Plastic Lids, making it the 2nd largest exporter of Plastic Lids in the world. At the same year, Plastic Lids was the 47th most exported product in United States. The main destination of Plastic Lids exports from United States are: Canada ($2.42B), Mexico ($2.37B), United Kingdom ($160M), China ($142M), and Germany ($135M).

The fastest growing export markets for Plastic Lids of United States between 2021 and 2022 were Canada ($290M), Mexico ($265M), and United Kingdom ($26M).

Imports In 2022, United States imported $11.2B in Plastic Lids, becoming the 1st largest importer of Plastic Lids in the world. At the same year, Plastic Lids was the 59th most imported product in United States. United States imports Plastic Lids primarily from: China ($2.84B), Canada ($2.39B), Mexico ($1.94B), Chinese Taipei ($590M), and South Korea ($412M).

The fastest growing import markets in Plastic Lids for United States between 2021 and 2022 were Mexico ($374M), Canada ($161M), and Thailand ($60M).

COMPANIES In 2023, leading companies such as Molson Coors (1.05k), Toyota (501), and Robert Bosch (359) were at the forefront of shipping Plastic Lids to the United States.

Latest Trends

August 2024

About

Overview In August 2024 United States' Plastic Lids exports accounted up to $608M and imports accounted up to $795M, resulting in a negative trade balance of $187M. Between August 2023 and August 2024 the exports of United States'   Plastic Lids have increased by $31.8M (5.52%) from $576M to $608M, while imports increased by $64.5M (8.83%) from $730M to $795M.

Destinations In August 2024, Plastic Lids were exported mostly to Mexico ($251M), Canada ($204M), Japan ($20.4M), United Kingdom ($13M), and Germany ($10M), and were imported mostly from China ($184M), Canada ($177M), Mexico ($146M), Chinese Taipei ($45.3M), and Vietnam ($35M).

Growth In August 2024, the increase in Plastic Lids's year-by-year exports was explained primarily by an increase in exports to Mexico ($27.3M or 15.1%), Canada ($16.4M or 8.71%), and China ($3.17M or 32.6%). In August 2024, the increase in Plastic Lids's year-by-year imports was explained primarily by an increase in imports from Mexico ($15.6M or 15.6%), Thailand ($4.49M or 20.5%), and Vietnam ($3.8M or 16.9%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)$31.8M(5.52%)
IMPORT GROWTH (August 2023 - August 2024)$64.5M(8.83%)
MAIN EXPORTER (August 2024)Texas$103M
MAIN DESTINATION (August 2024)Mexico$251M

This section shows Plastic Lids's exports and imports data at subnational level for United States. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Plastic Lids over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$6.79B
IMPORTS (2022)$11.2B
NET TRADE (2022)-$4.44B

In 2022, United States exported $6.79B in Plastic Lids. The main destinations of United States exports on Plastic Lids were Canada ($2.42B), Mexico ($2.37B), United Kingdom ($160M), China ($142M), and Germany ($135M).

In 2022, United States imported $11.2B in Plastic Lids, mainly from China ($2.84B), Canada ($2.39B), Mexico ($1.94B), Chinese Taipei ($590M), and South Korea ($412M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Plastic Lids EXPORT MARKETS FOR United States WERE (2021 - 2022):
Canada$290M (13.6%)
Mexico$265M (12.6%)
United Kingdom$26M (19.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Plastic Lids BY United States WERE (2021 - 2022):
Switzerland-$5.73M (-10.2%)
Vietnam-$4.23M (-33.5%)
Morocco-$4.08M (-73.8%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, United States's main exporting competitors in Plastic Lids were:
China $13.9B
Germany $5.78B
In 2022, United States's main importing competitors in Plastic Lids were:
Germany $5.01B
France $3.52B

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Trade Value of Plastic Lids by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $82.6M
TOP IMPORT POTENTIALCanada+ $233M

Plastic Lids’s highest export potential is Germany. With an export gap of $82.6M.   Plastic Lids’s highest import potential is Canada with an import gap of $233M.

See methodology.

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