HS Code:
This category, classified under HS Code 3920.43, pertains to plastic plates, sheets, film, foil, and strip, non-cellular and not reinforced, laminated, supported or similarly combined with other materials, of a width exceeding 16 mm but not exceeding 35 mm and of a length exceeding 30 m. These products are commonly used in packaging, industrial applications, and construction for their flexibility and durability.
Total Trade Volume
USD 1.2 billion
Data from 2022
Source
United Nations Comtrade Database
Average Rate
6.5%
Highest Rate
12% (applied by certain developing countries)
Lowest Rate
0% (under free trade agreements like EU-Japan EPA)
Shift towards sustainable materials
Increased demand for biodegradable and recyclable plastic films, pushing manufacturers to innovate
2021-2022
Rising e-commerce packaging needs
Growth in demand for protective plastic films due to global online retail expansion
2020-2022
Supply chain disruptions
Price volatility and delays due to COVID-19-related logistics challenges
2020-2021
The European Union introduced a plastic tax targeting non-recycled plastic packaging waste, impacting import costs for this category.
January 2021
Increased production costs for exporters to the EU; shift towards eco-friendly alternatives.
Phase One trade deal reduced tariffs on certain plastic products, benefiting exporters in this HS category.
February 2020
Boosted trade volumes between the US and China, stabilizing prices.
Ongoing UN negotiations for a legally binding treaty on plastic pollution may impose stricter regulations on plastic film production and trade.
March 2022
Potential future restrictions and higher compliance costs for manufacturers.