Silicone in Belgium | The Observatory of Economic Complexity

About

Exports In 2022, Belgium exported $315M in Silicone, making it the 10th largest exporter of Silicone in the world. At the same year, Silicone was the 213th most exported product in Belgium. The main destination of Silicone exports from Belgium are: Netherlands ($32.2M), Germany ($30.6M), United States ($29.2M), United Kingdom ($28.6M), and China ($15.4M).

The fastest growing export markets for Silicone of Belgium between 2021 and 2022 were United States ($9.25M), Netherlands ($7.51M), and Latvia ($7.26M).

Imports In 2022, Belgium imported $540M in Silicone, becoming the 5th largest importer of Silicone in the world. At the same year, Silicone was the 173rd most imported product in Belgium. Belgium imports Silicone primarily from: United Kingdom ($243M), United States ($101M), Germany ($76.1M), China ($45.9M), and Netherlands ($25.2M).

The fastest growing import markets in Silicone for Belgium between 2021 and 2022 were United Kingdom ($95.4M), United States ($12.8M), and China ($9.8M).

COMPANIES In 2023, leading companies such as ELKEM SILICONES USA CORP (3) were at the forefront of shipping Silicone from Belgium to the United States.

Latest Trends

January 2024

About

Overview In January 2024 Belgium's Silicone exports accounted up to €19.1M and imports accounted up to €10.8M, resulting in a positive trade balance of €8.26M. Between January 2023 and January 2024 the exports of Belgium's Silicone have decreased by €-848k (-4.25%) from €19.9M to €19.1M, while imports increased by €1.3M (13.7%) from €9.52M to €10.8M.

Destinations In January 2024, Silicone were exported mostly to Germany (€2.93M), United Kingdom (€2.28M), Netherlands (€1.84M), United States (€1.52M), and India (€1.37M), and were imported mostly from Germany (€5.27M), Netherlands (€1.63M), United Kingdom (€1.07M), Italy (€673k), and United States (€655k).

Growth In January 2024, the decrease in Silicone's year-by-year exports was explained primarily by a decrease in exports to Slovenia (€-493k or -97.6%), Netherlands (€-296k or -13.6%), and Russia (€-198k or -41.1%). In January 2024, the increase in Silicone's year-by-year imports was explained primarily by an increase in imports from Italy (€1.06M or 123%), United States (€270k or 51.7%), and Poland (€80.2k or 56.1k%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)€-848k(-4.25%)

IMPORT GROWTH (January 2023 - January 2024)€1.3M(13.7%)

MAIN DESTINATION (January 2024)Germany€2.93M

This section shows Silicone's exports and imports data at subnational level for Belgium. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Silicone over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$315M

IMPORTS (2022)$540M

NET TRADE (2022)-$225M

In 2022, Belgium exported $315M in Silicone. The main destinations of Belgium exports on Silicone were Netherlands ($32.2M), Germany ($30.6M), United States ($29.2M), United Kingdom ($28.6M), and China ($15.4M).

In 2022, Belgium imported $540M in Silicone, mainly from United Kingdom ($243M), United States ($101M), Germany ($76.1M), China ($45.9M), and Netherlands ($25.2M).

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