Made principally from silica, glass is a hardened material that is typically transparent but can also be produced in many different colors and textures. Glass-related products include architectural glass, mirrors, stained glass windows, glass tiles, eyeglasses as well as many household glassware items such as bottles, jars and pitchers.
Among continents, suppliers in Asia sold the highest dollar worth of exported glass and glassware during 2019 with shipments valued at $34.3 billion or 44.8% of the global total. Close behind in second place were European exporters at 42.9% while 10.3% of worldwide glass and glassware shipments originated from suppliers in North America. Smaller percentages came from Latin America (1%) excluding Mexico but including the Caribbean, Africa (0.9%) and Oceania (0.1%) led by Australia and New Zealand.
- For research purposes, the 2-digit Harmonized Tariff System code prefix is 70 for glass and glassware. There are many subcategories; a small sampling includes:
- Glass sheets (17.3% of the overall total)
- Glass fibers, glass wool and related articles (16%)
- Tempered and laminated safety glass (13.9%)
- Household glassware including tableware, kitchenware, bathroom items, indoor decorations (11.2%)
Below are the 10 countries/districts that exported the highest dollar value worth of glass and glassware during 2019.
- China: US$17.9 billion (23.4% of total glass/glassware exports)
- Germany: $7.2 billion (9.4%)
- United States: $5.5 billion (7.2%)
- France: $3.4 billion (4.4%)
- Japan: $3.2 billion (4.2%)
- Hong Kong: $3.1 billion (4.1%)
- Belgium: $2.78 billion (3.6%)
- Italy: $2.76 billion (3.6%)
- Poland: $2.3 billion (3%)
- Czech Republic: $1.9 billion (2.5%)
The listed 10 countries shipped 65.4% of global glass/glassware exported in 2019 by value.
- Among the top exporters, the fastest-growing glass/glassware exporters since 2015 were: Belgium (up 40.9%), Poland (up 31.3%), and South Korea (up 21.7%).
- The United States posted 4.2% international sales declines in their exported glass/glassware.
- The following countries/districts posted the highest positive net exports for glass and glassware during 2019. Investopedia defines net exports as the value of a country’s total exports minus the value of its total imports. Thus, the statistics below present the surplus between the value of each country’s exported glass and glassware and its import purchases for that same commodity.
- China: US$10.3 billion (net export surplus up 11.6% since 2015)
- Germany: $1.4 billion (up 35.2%)
- Hong Kong: $1 billion (up 161.4%)
- Japan: $897.1 million (up 49.2%)
- Czech Republic: $867.7 million (down -9.2%)
- Poland: $789 million (up 13.6%)
- Belgium: $770.8 million (up 136.2%)
- Italy: $580.5 million (down -5.2%)
- Turkey: $408.1 million (up 55.9%)
- Malaysia: $365.4 million (down -583.4%)
China generated the highest surplus in the international trade of glass and glassware. In turn, this positive cashflow confirms China’s strong competitive advantage for this specific product category.
Post time: May-13-2020