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2023
Exports $423MWorld Rnk 5 / 163
Flag Rnk 170 / 1216
2023
Destination $5.66M Netherlands
2022 - 2023
FASTEST GROWING MARKET $5.66MHungary
2023
PRODUCT COMPLEXITY IN Silicone1.64Rnk 28 / 1025
2023
Imports $183MWorld Rnk 14 / 216
Flag Rnk 339 / 1213
2023
Origin $9.22M Germany
2022 - 2023
FASTEST GROWING ORIGIN $9.22MUnited States
2023
ECONOMIC COMPLEXITY of Belgium1.23Rnk 20 / 132

About

Exports In 2023, Belgium exported $423M in Silicone, making it the 5th largest exporter of Silicone in the world. At the same year, Silicone was the 170th most exported product in Belgium. The main destination of Silicone exports from Belgium are: Netherlands ($94M), Germany ($90.7M), France ($41.7M), Italy ($27.8M), and Romania ($19.3M).

The fastest growing export markets for Silicone of Belgium between 2022 and 2023 were Hungary ($5.66M), Romania ($4.52M), and Sweden ($2.39M).

Imports In 2023, Belgium imported $183M in Silicone, becoming the 14th largest importer of Silicone in the world. At the same year, Silicone was the 339th most imported product in Belgium. Belgium imports Silicone primarily from: Germany ($49.9M), United Kingdom ($37.5M), United States ($31.5M), Netherlands ($23.6M), and China ($13.9M).

The fastest growing import markets in Silicone for Belgium between 2022 and 2023 were United States ($9.22M), Japan ($5.65M), and Russia ($644k).

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

Latest Trends

November 2024

About

Overview In November 2024 Belgium's Silicone exports accounted up to €15.9M and imports accounted up to €8.45M, resulting in a positive trade balance of €7.44M. Between November 2023 and November 2024 the exports of Belgium's   Silicone have decreased by €-79.1k (-0.5%) from €16M to €15.9M, while imports increased by €2.01M (31.3%) from €6.44M to €8.45M.

Destinations In November 2024, Silicone were exported mostly to United States (€1.97M), Netherlands (€1.96M), United Kingdom (€1.91M), Germany (€1.46M), and Turkey (€862k), and were imported mostly from Germany (€3.37M), China (€1.07M), Netherlands (€1.05M), France (€778k), and Italy (€725k).

Growth In November 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 November 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
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)€-79.1k(-0.5%)
IMPORT GROWTH (November 2023 - November 2024)€2.01M(31.3%)
MAIN DESTINATION (November 2024)United States€1.97M

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
EXPORTS (2023)$423M
IMPORTS (2023)$183M
NET TRADE (2023)$240M

In 2023, Belgium exported $423M in Silicone. The main destinations of Belgium exports on Silicone were Netherlands ($94M), Germany ($90.7M), France ($41.7M), Italy ($27.8M), and Romania ($19.3M).

In 2023, Belgium imported $183M in Silicone, mainly from Germany ($49.9M), United Kingdom ($37.5M), United States ($31.5M), Netherlands ($23.6M), and China ($13.9M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Silicone EXPORT MARKETS FOR Belgium WERE (2022 - 2023):
Hungary$5.66M (305%)
Romania$4.52M (30.7%)
Sweden$2.39M (29.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Silicone BY Belgium WERE (2022 - 2023):
Germany-$29.5M (-24.5%)
Netherlands-$28.7M (-23.4%)
United States-$14.6M (-56.2%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Belgium's main exporting competitors in Silicone were:
Germany $1.68B
United States $1.37B
China $1.29B
In 2023, Belgium's main importing competitors in Silicone were:
China $791M
United States $686M
Germany $502M

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Trade Value of Silicone by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $23.4M
TOP IMPORT POTENTIALGermany+ $36.1M

Silicone’s highest export potential is Germany. With an export gap of $23.4M.   Silicone’s highest import potential is Germany with an import gap of $36.1M.

See methodology.

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