It depends if the basket if full, overloaded or empty for a clearer translation. A bag or basket can symbolize the recourses that you have available to you or the baggage that you carry around which has become a burden.
Look at what the basket contains to help you understand the meaning further, but if you do not know then you are unaware of how to utilize your own assets. A full basket will symbolize abundance and an empty one the emptiness that comes from being alone.
Like other receptacles and hollow things, a basket may be a symbol of the feminine.
A basket full of fruit or other provisions may symbolize well-being. An empty basket, besides symbolizing the feminine, might represent (unconscious feelings of) personal emptiness.
According to Gardiner’s Egyptian Grammar, the hieroglyph of the basket conveys the meaning of lordship, mastery, supremacy, of the man who rises above his fellows. A basket is sometimes used as a pedestal or plinth for images of the gods. According to Mariette, this hieroglyph also means ‘everything made divine, God and the Universe interfused in one single being’. In Egyptian art and writing, the basket-chalice perhaps suggested wholeness, togetherness under heavenly rule. The dead were sometimes placed in baskets and left to float away on the stream, from which Isis would gather their scattered remains, to knit them together again and place them in another basket, just as she had done with the scattered limbs of Osiris. Apuleius (Metamorphoses 11: 11) describes how, in processions in honour of Isis, a basket was carried, in which was hidden ‘the secrets of their glorious religion’.
The Buddhist canonical scriptures are the Tripitaka - literally ‘the triple basket’ (pitaka); the name conveys the idea of the three powers - Buddha the founder, the Law and the Community.
The basket is also a symbol of the womb. Moses and others were found in baskets at the waterside.
When a basket holds fruit or wool, it symbolizes the women’s quarters and their housework, as well as fertility. Hence the basket became an attribute of many a goddess, including Diana (Artemis) of Ephesus, whose priestesses wore their hair dressed in the shape of baskets.