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VII (Harmonized System 1992 for Section)

2023
World Trade $964BRnk 6 / 21
2023
Top Exporter | Top Importer $159B | $114BChina | United States
2023
Product Complexity 0.7Rnk 6 / 21
2022 - 2023
Export Growth (CAGR) -12.7%Rnk 18 / 21
2023
Share of World Trade 4.27%Rnk 6 / 21

About

Overview This page contains the latest trade data of Plastics and Rubbers. In 2023, Plastics and Rubbers were the world's 6th most traded product, with a total trade of $964B. Between 2022 and 2023 the exports of Plastics and Rubbers decreased by -12.7%, from $1.1T to $964B. Trade in Plastics and Rubbers represent 4.27% of total world trade.

Plastics and Rubbers include Plastics & articles thereof and Rubber & articles thereof.

Exports In 2023 the top exporters of Plastics and Rubbers  were China ($159B), United States ($104B), Germany ($96.9B), South Korea ($41B), and Japan ($40.1B).

Imports In 2023 the top importers of Plastics and Rubbers were United States ($114B), China ($79.7B), Germany ($66.3B), Mexico ($38.9B), and France ($37.4B).

Ranking Plastics and Rubbers ranks 6th in the Product Complexity Index (PCI).

Latest Trends

Latest Data

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Y-AXIS SCALE

The following visualization shows the latest trends on Plastics and Rubbers. 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$159B
Top Destination (2023)United States$114B

In 2023 Plastics and Rubbers were the world's 6th most traded product (out of 21).

In 2023, the top exporters of Plastics and Rubbers were China ($159B), United States ($104B), Germany ($96.9B), South Korea ($41B), and Japan ($40.1B).

In 2023, the top importers of Plastics and Rubbers were United States ($114B), China ($79.7B), Germany ($66.3B), Mexico ($38.9B), and France ($37.4B).

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Exporters of Plastics and Rubbers (2023)
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Importers of Plastics and Rubbers (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Ireland$575M
Top Destination Growth (2022 -  2023)Ukraine$608M

Between 2022 and 2023, the exports of Plastics and Rubbers grew the fastest in Ireland ($575M), Kazakhstan ($297M), Romania ($248M), Cote d'Ivoire ($168M), and Gambia ($167M).

Between 2022 and 2023, the fastest growing importers of Plastics and Rubbers were Ukraine ($608M), Uzbekistan ($449M), Libya ($243M), Kazakhstan ($225M), and Guyana ($112M).

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Exporters of Plastics and Rubbers (2022 - 2023)

Importers of Plastics and Rubbers (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Plastics and Rubbers.

In 2023, market concentration measured using Shannon Entropy, was 4.88. This means that most of the exports of Plastics and Rubbers are explained by 29 countries.

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Value of Exports in Plastics and Rubbers

Net Trade

TOP NET EXPORTER (2023)China$79B
TOP NET IMPORTER (2023)Mexico$22.4B

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

In 2023, the countries that had a largest trade value in exports than in imports of Plastics and Rubbers were China ($79B), Germany ($30.6B), South Korea ($26.1B), Thailand ($18.8B), and Japan ($18.1B).

In 2023, the countries that had a largest trade value in imports than in exports of Plastics and Rubbers were Mexico ($22.4B), India ($14B), United States ($10.6B), United Kingdom ($10.6B), and Australia ($9.98B).

Net Trade (2023)

Disaggregation

Value
Disaggregation

In 2023, the world most traded Plastics and Rubbers, disaggragated by their HS6 level were Plastics & articles thereof ($745B) and Rubber & articles thereof ($219B)

HS6 Disaggregation for Plastics and Rubbers (2023)
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Country Comparison

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Measure
Ranking

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

Top 10 Exporters Countries of Plastics and Rubbers by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALIndia+ $3.6B
TOP IMPORT POTENTIALUnited States+ $1.8B

Plastics and Rubbers’s highest export potential is India. With an export gap of $3.6B.  Plastics and Rubbers’s highest import potential is United States with an import gap of $1.8B.

See methodology.

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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)

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