2022
Exports
$7.73MWorld Rnk 60 / 181
Flag Rnk 902 / 1212
2022
PRODUCT COMPLEXITY IN Scrap Plastic
-0.71Rnk 759 / 1025
2022
Imports
$48.7MWorld Rnk 21 / 188
Flag Rnk 607 / 1206
2022
ECONOMIC COMPLEXITY of India
0.64Rnk 40 / 133

About

Exports In 2022, India exported $7.73M in Scrap Plastic, making it the 60th largest exporter of Scrap Plastic in the world. At the same year, Scrap Plastic was the 902nd most exported product in India. The main destination of Scrap Plastic exports from India are: Italy ($2.24M), United States ($1.7M), Russia ($632k), Vietnam ($539k), and Bangladesh ($487k).

The fastest growing export markets for Scrap Plastic of India between 2021 and 2022 were Italy ($1.68M), United States ($503k), and Malaysia ($309k).

Imports In 2022, India imported $48.7M in Scrap Plastic, becoming the 21st largest importer of Scrap Plastic in the world. At the same year, Scrap Plastic was the 607th most imported product in India. India imports Scrap Plastic primarily from: United States ($27.7M), Japan ($4.21M), China ($3.11M), United Arab Emirates ($1.87M), and Mauritania ($1.71M).

The fastest growing import markets in Scrap Plastic for India between 2021 and 2022 were United States ($6.69M), Japan ($1.53M), and Canada ($1.19M).

COMPANIES In 2023, leading companies such as Polyplex (7), Cinmar (6), and Mystic Apparel (2) were at the forefront of shipping Scrap Plastic from India to the United States.

Latest Trends

Sep 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Scrap Plastic. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$7.73M
IMPORTS (2022)$48.7M
NET TRADE (2022)-$41M

In 2022, India exported $7.73M in Scrap Plastic. The main destinations of India exports on Scrap Plastic were Italy ($2.24M), United States ($1.7M), Russia ($632k), Vietnam ($539k), and Bangladesh ($487k).

In 2022, India imported $48.7M in Scrap Plastic, mainly from United States ($27.7M), Japan ($4.21M), China ($3.11M), United Arab Emirates ($1.87M), and Mauritania ($1.71M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Scrap Plastic EXPORT MARKETS FOR India WERE (2021 - 2022):
Italy$1.68M (296%)
United States$503k (42.2%)
Malaysia$309k (393%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Scrap Plastic BY India WERE (2021 - 2022):
Bangladesh-$744k (-60.4%)
Netherlands-$691k (-70.7%)
Morocco-$547k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, India's main exporting competitors in Scrap Plastic were:
In 2022, India's main importing competitors in Scrap Plastic were:

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Trade Value of Scrap Plastic by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $1.42M
TOP IMPORT POTENTIALJapan+ $1.76M

Scrap Plastic’s highest export potential is United States. With an export gap of $1.42M.   Scrap Plastic’s highest import potential is Japan with an import gap of $1.76M.

See methodology.

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