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Pricing

Sacks and bags, of a kind used for the packing of goods

6305 (Harmonized System 1992 for 4-digit)

2023
World Trade $5.14BRnk 530 / 1217
2023
Top Exporter | Top Importer $1.42B | $658MChina | United States
2023
Product Complexity -1.61Rnk 974 / 1044
2022 - 2023
Export Growth (CAGR) -20.9%Rnk 1055 / 1217
2023
Share of World Trade 0.023%Rnk 530 / 1217

About

Overview This page contains the latest trade data of Packing Bags. In 2023, Packing Bags were the world's 530th most traded product, with a total trade of $5.14B. Between 2022 and 2023 the exports of Packing Bags decreased by -20.9%, from $6.5B to $5.14B. Trade in Packing Bags represent 0.023% of total world trade.

Packing Bags are a part of Used clothes & textile articles. They include Sacks & bags of polyethylene or polypropylene, Sacks & bags of other manmade yarn, Sacks & bags of jute or other bast fibres, Sacks & bags of cotton, and Sacks & bags of materials not elsewhere specified.

Exports In 2023 the top exporters of Packing Bags  were China ($1.42B), India ($1.14B), Vietnam ($331M), Turkey ($320M), and United States ($143M).

Imports In 2023 the top importers of Packing Bags were United States ($658M), Japan ($393M), France ($253M), Germany ($252M), and Netherlands ($164M).

Ranking Packing Bags ranks 974th in the Product Complexity Index (PCI).

Description Sacks and bags are used to store a variety of different goods. They can be made from a variety of materials, including cotton, polyester, nylon, and polypropylene.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Packing Bags. Countries are shown based on data availability.

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

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* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Historical Data

Exporters and Importers

Top Origin (2023)China$1.42B
Top Destination (2023)United States$658M

In 2023 Packing Bags were the world's 530th most traded product (out of 1,217).

In 2023, the top exporters of Packing Bags were China ($1.42B), India ($1.14B), Vietnam ($331M), Turkey ($320M), and United States ($143M).

In 2023, the top importers of Packing Bags were United States ($658M), Japan ($393M), France ($253M), Germany ($252M), and Netherlands ($164M).

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Exporters of Packing Bags (2023)
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Importers of Packing Bags (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Tunisia$8M
Top Destination Growth (2022 -  2023)Kazakhstan$62.4M

Between 2022 and 2023, the exports of Packing Bags grew the fastest in Tunisia ($8M), Cote d'Ivoire ($4.85M), Slovakia ($4.36M), Ireland ($4.13M), and United Kingdom ($4M).

Between 2022 and 2023, the fastest growing importers of Packing Bags were Kazakhstan ($62.4M), Mozambique ($13.9M), Bangladesh ($11.1M), Philippines ($9.41M), and Malaysia ($7.39M).

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Exporters of Packing Bags (2022 - 2023)

Importers of Packing Bags (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Packing Bags.

In 2023, market concentration measured using Shannon Entropy, was 4.21. This means that most of the exports of Packing Bags are explained by 18 countries.

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Value of Exports in Packing Bags

Net Trade

TOP NET EXPORTER (2023)China$1.4B
TOP NET IMPORTER (2023)United States$515M

This map shows which countries export or import more of Packing Bags. Each country is colored based on the difference in exports and imports of Packing Bags during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Packing Bags were China ($1.4B), India ($1.09B), Turkey ($312M), Vietnam ($287M), and Bangladesh ($101M).

In 2023, the countries that had a largest trade value in imports than in exports of Packing Bags were United States ($515M), Japan ($387M), France ($217M), Germany ($157M), and Kazakhstan ($124M).

Net Trade (2023)

Disaggregation

Value

In 2023, the world most traded Packing Bags, disaggragated by their HS6 level were Sacks & bags of polyethylene or... ($4.07B), Sacks & bags of other manmade... ($377M), Sacks & bags of jute or... ($262M), Sacks & bags of materials not... ($218M), and Sacks & bags of cotton ($210M)

HS6 Disaggregation for Packing Bags (2023)
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Country Comparison

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Ranking

This visualization shows the countries that have an important ratio of their trade related to Packing Bags.
It is possible to select the main countries that export or import Packing Bags in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Packing Bags by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALGermany+ $14.2M
TOP IMPORT POTENTIALChina+ $7.77M

Packing Bags’s highest export potential is Germany. With an export gap of $14.2M.  Packing Bags’s highest import potential is China with an import gap of $7.77M.

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Product Complexity

Diversification Frontier

Specialization

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.

Relatedness vs Country Complexity (2023)

Related Products

This visualization shows products that are likely to be exported by countries that export Packing Bags.

Country by Relatedness

The following visualization shows the relatedness of Packing Bags to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Relative Relatedness by Country (2023)

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