HS Code:
The 'Coated with Plastics' category, often classified under HS Code 3921 (Plates, Sheets, Film, Foil and Strip of Plastics) or related subcategories, encompasses a wide range of plastic-coated materials used in industries such as packaging, construction, automotive, and textiles. These products include plastic-coated fabrics, paper, metal foils, and other substrates that are enhanced with plastic coatings for durability, waterproofing, or aesthetic purposes. This category is integral to modern manufacturing due to the versatility and protective qualities of plastic coatings.
Total Trade Volume
USD 25.3 billion
Data from 2022
Source
United Nations Comtrade Database
USD 6.8 billion
26.9% of total trade of total trade
Increasing
USD 3.2 billion
12.6% of total trade of total trade
Stable
USD 2.9 billion
11.5% of total trade of total trade
Increasing
USD 1.7 billion
6.7% of total trade of total trade
Increasing
USD 1.5 billion
5.9% of total trade of total trade
Stable
Average Rate
6.5% ad valorem
Highest Rate
12% (applied by certain developing countries)
Lowest Rate
0% (under free trade agreements such as EU-Japan EPA)
Shift towards sustainable materials
Increased demand for bio-based or recyclable plastic coatings due to environmental concerns, pushing manufacturers to innovate.
2021-2023
Growth in e-commerce packaging
Rising need for durable, lightweight plastic-coated packaging materials to protect goods during shipping.
2020-2022
Technological advancements in coating processes
Enhanced durability and functionality of coated products, expanding applications in automotive and construction sectors.
2019-2023
The European Union introduced stricter regulations on single-use plastic coatings, mandating a shift to biodegradable alternatives by 2025.
June 2023
Expected to reduce trade volume of traditional plastic-coated products while boosting demand for eco-friendly substitutes.
A new phase of trade negotiations reduced tariffs on certain plastic-coated goods, facilitating smoother trade between the two nations.
March 2023
Likely to increase export volumes from China to the US, benefiting Chinese manufacturers.
Major manufacturers in South Korea unveiled a new line of fully recyclable plastic coatings for industrial use.
September 2022
Positions South Korea as a leader in sustainable coating solutions, potentially increasing its market share.