Silicone in United Kingdom

EXPORTS (2018): $593M, World Rnk 5 / 127
Flag Rnk 137 / 1215

TOP DESTINATION (2018): $236M, Belgium-Luxembourg

FASTEST GROWING IN MARKET (2017 - 2018): $26.6M, Belgium-Luxembourg

IMPORTS (2018): $304M, World Rnk 8 / 192
Flag Rnk 351 / 1212

TOP ORIGIN (2018): $74.9M, Germany

FASTEST GROWING ORIGIN (2017 - 2018): $14.5M, Belgium-Luxembourg

ECONOMIC COMPLEXITY of United Kingdom (2018): 1.49, Rnk 13 / 137

PRODUCT COMPLEXITY  IN Silicone (2018): 1.87, Rnk 13 / 1018

Exports: In 2018, United Kingdom exported $593M in Silicone, making it the 5th largest exporter of Silicone in the world. At the same year, Silicone was the 137th most exported product in United Kingdom. The main destination of Silicone exports from United Kingdom are: Belgium-Luxembourg ($236M), South Korea ($76.8M), Germany ($63.9M), France ($35.5M), and Italy ($31.7M).

The fastest growing export markets for Silicone of United Kingdom between 2017 and 2018 were Belgium-Luxembourg ($26.6M), Germany ($18.3M), and Netherlands ($15.4M).

Imports: In 2018, United Kingdom imported $304M in Silicone, becoming the 8th largest importer of Silicone in the world. At the same year, Silicone was the 351st most imported product in United Kingdom. United Kingdom imports Silicone primarily from: Germany ($74.9M), United States ($71.1M), Netherlands ($40.5M), Belgium-Luxembourg ($38.8M), and France ($31.2M).

The fastest growing import markets in Silicone for United Kingdom between 2017 and 2018 were Belgium-Luxembourg ($14.5M), Germany ($13.7M), and United States ($5.22M).

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%).

Subnational Monthly Trade

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Flow
Value

EXPORT GROWTH (May 2019 - May 2020): £-9.07M, (-29%)

IMPORT GROWTH (May 2019 - May 2020): £-4.44M, (-19.6%)

MAIN EXPORTER (May 2020): Cardiff, £1.83M

MAIN DESTINATION (May 2020): Belgium, £9.75M

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

Value

EXPORTS (2018): $593M

IMPORTS (2018): $304M

NET TRADE (2018): $290M

In 2018, United Kingdom exported $593M in Silicone. The main destinations of United Kingdom exports on Silicone were Belgium-Luxembourg ($236M), South Korea ($76.8M), Germany ($63.9M), France ($35.5M), and Italy ($31.7M).

In 2018, United Kingdom imported $304M in Silicone, mainly from Germany ($74.9M), United States ($71.1M), Netherlands ($40.5M), Belgium-Luxembourg ($38.8M), and France ($31.2M).

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IN 2018, United Kingdom HAD A POSITIVE NET TRADE IN Silicone WITH:

  • Belgium-Luxembourg, $197M ($236M - $38.8M)
  • South Korea, $70.8M ($76.8M - $5.98M)
  • Italy, $24.6M ($31.7M - $7.04M)

IN 2018, United Kingdom HAD A NEGATIVE NET TRADE IN Silicone WITH:

  • United States, -$59.6M ($11.4M - $71.1M)
  • Netherlands, -$17.5M ($23M - $40.5M)
  • Japan, -$12.3M ($3.83M - $16.1M)
Flow

THE FASTEST GROWING Silicone EXPORT MARKETS FOR United Kingdom WERE (2017 - 2018):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Silicone BY United Kingdom WERE (2017 - 2018):

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Market Concentration

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Type

In 2018, United Kingdom's main exporting competitors in Silicone were:

In 2018, United Kingdom's main importing competitors in Silicone were:

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Trade Forecasts

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Time

This section shows forecasts for total exports and imports, for Silicone in United Kingdom. The forecast is based on a short-term, medium-term and long-term model using yearly trade data.

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