Overview: In May 2020 United Kingdom's Silicone exports accounted up to £22.2M and imports accounted up to £18.3M, resulting in a positive trade balance of £3.95M. Between May 2019 and May 2020 the exports of United Kingdom's Silicone have decreased by £-9.07M (-29%) from £31.3M to £22.2M, while imports decreased by £-4.44M (-19.6%) from £22.7M to £18.3M.
Destinations: In May 2020 Silicone exported mostly to Belgium (£9.75M), Germany (£2.71M), South Korea (£1.93M), Italy (£1.34M), and Netherlands (£879k), and imported mostly from United States (£6.07M), Germany (£3.32M), Netherlands (£2.8M), Belgium (£1.92M), and Japan (£1.32M).
Growth: In May 2020, the decrease in Silicone's year-by-year exports was explained primarily by a decrease in exports to Belgium (£-5.29M or -35.2%), Italy (£-927k or -40.9%), and France (£-794k or -56.4%). In May 2020, the decrease in Silicone's year-by-year imports was explained primarily by a decrease in imports from Germany (£-1.86M or -35.9%), France (£-1.07M or -47.9%), and South Korea (£-741k or -76.2%).