Silicone in China | The Observatory of Economic Complexity

About

Exports In 2022, China exported $2.2B in Silicone, making it the 1st largest exporter of Silicone in the world. At the same year, Silicone was the 279th most exported product in China. The main destination of Silicone exports from China are: South Korea ($303M), United States ($266M), India ($165M), Vietnam ($107M), and Turkey ($99.8M).

The fastest growing export markets for Silicone of China between 2021 and 2022 were United States ($133M), India ($59.8M), and Italy ($48.3M).

Imports In 2022, China imported $1B in Silicone, becoming the 2nd largest importer of Silicone in the world. At the same year, Silicone was the 221st most imported product in China. China imports Silicone primarily from: Japan ($208M), United States ($197M), Germany ($194M), South Korea ($89.2M), and Chinese Taipei ($63.2M).

The fastest growing import markets in Silicone for China between 2021 and 2022 were Malaysia ($29M), Netherlands ($25.3M), and Germany ($19.3M).

COMPANIES In 2023, leading companies such as AMAZON SERVICES LLC (4.76k), GLOBAL ETRADE SERVICES INC (609), and AT HOME PROCUREMENT INC (260) were at the forefront of shipping Silicone from China to the United States.

Latest Trends

February 2024

About

Overview In February 2024 China's Silicone exports accounted up to $83M and imports accounted up to $51.1M, resulting in a positive trade balance of $31.8M. Between February 2023 and February 2024 the exports of China's Silicone have decreased by $-24.3M (-22.6%) from $107M to $83M, while imports decreased by $-16.5M (-24.4%) from $67.6M to $51.1M.

Destinations In February 2024, Silicone were exported mostly to South Korea ($12.7M), India ($7.36M), Vietnam ($4.69M), Turkey ($4.49M), and United States ($4.36M), and were imported mostly from United States ($15.3M), Japan ($9.34M), Germany ($7.84M), France ($4.51M), and South Korea ($4.24M).

Growth In February 2024, the decrease in Silicone's year-by-year exports was explained primarily by a decrease in exports to South Korea ($-27.9M or -62.9%), United States ($-24.1M or -79.1%), and Germany ($-9.07M or -91.1%). In February 2024, the decrease in Silicone's year-by-year imports was explained primarily by a decrease in imports from United States ($-7.23M or -37.6%), Japan ($-5.29M or -34.7%), and South Korea ($-4.19M or -50.4%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)$-24.3M(-22.6%)

IMPORT GROWTH (February 2023 - February 2024)$-16.5M(-24.4%)

MAIN EXPORTER (February 2024)Zhejiang Province$26.3M

MAIN DESTINATION (February 2024)South Korea$12.7M

This section shows Silicone's exports and imports data at subnational level for China. 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.

For full datasets download visit Bulk Download page.

Go to Bulk Download

Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$2.2B

IMPORTS (2022)$1B

NET TRADE (2022)$1.2B

In 2022, China exported $2.2B in Silicone. The main destinations of China exports on Silicone were South Korea ($303M), United States ($266M), India ($165M), Vietnam ($107M), and Turkey ($99.8M).

In 2022, China imported $1B in Silicone, mainly from Japan ($208M), United States ($197M), Germany ($194M), South Korea ($89.2M), and Chinese Taipei ($63.2M).

Explore Visualizations