HS Code:
The category 'Of a capacity of less than 50 liters' typically falls under various HS Codes depending on the specific product, such as containers, bottles, or other storage items made of materials like glass, plastic, or metal (e.g., HS Code 7010.90 for glass containers or 3923.30 for plastic containers). This category includes products used for packaging, storage, or transportation of liquids, solids, or other materials in small volumes, widely utilized in industries such as food and beverage, pharmaceuticals, and cosmetics. These products are essential for both consumer and industrial applications, with demand driven by sustainability trends, packaging innovations, and global trade of packaged goods.
Total Trade Volume
USD 12.5 billion
Data from 2022
Source
United Nations Comtrade Database, International Trade Centre (ITC)
USD 3.8 billion
30.4% of total trade of total trade
Increasing
USD 1.9 billion
15.2% of total trade of total trade
Stable
USD 1.5 billion
12.0% of total trade of total trade
Increasing
USD 1.2 billion
9.6% of total trade of total trade
Stable
USD 0.8 billion
6.4% of total trade of total trade
Increasing
Average Rate
5.2% ad valorem
Highest Rate
12% (applied by certain developing countries to protect local industries)
Lowest Rate
0% (under free trade agreements like EU Single Market or USMCA)
Shift towards sustainable packaging
Increased demand for eco-friendly materials like biodegradable plastics and recycled glass, driving innovation and affecting trade flows towards suppliers with green certifications.
2021-2023
Growth in e-commerce
Rising need for small-capacity packaging for individual shipments, boosting trade in plastic and lightweight containers, especially from Asian exporters.
2020-2022
Pharmaceutical sector expansion
Higher demand for sterile, small-capacity containers for vaccines and medicines, increasing trade volumes in specialized glass and plastic products.
2020-2023
The European Union introduced stricter regulations on single-use plastics, mandating higher recycling targets and banning certain non-recyclable containers under 50 liters.
July 2023
Expected to reduce imports of non-compliant plastic containers while boosting trade in sustainable alternatives from certified suppliers.
Phase 1 trade agreement led to reduced tariffs on certain small-capacity containers, facilitating increased exports from China to the US market.
January 2022
Increased trade volume by approximately 8% for Chinese exporters in this category, affecting global supply chain dynamics.
India launched incentives under the Remission of Duties and Taxes on Exported Products (RoDTEP) scheme, benefiting exporters of glass and plastic containers.
March 2023
Enhanced competitiveness of Indian products, leading to a projected 10% growth in export volume for this category.