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2022
Exports $315MWorld Rnk 10 / 157
Flag Rnk 213 / 1213
2022
Destination $9.25M Netherlands
2021 - 2022
FASTEST GROWING MARKET $9.25MUnited States
2022
PRODUCT COMPLEXITY IN Silicone1.72Rnk 20 / 1025
2022
Imports $540MWorld Rnk 5 / 215
Flag Rnk 173 / 1214
2022
Origin $95.4M United Kingdom
2021 - 2022
FASTEST GROWING ORIGIN $95.4MUnited Kingdom
2022
ECONOMIC COMPLEXITY of Belgium1.25Rnk 19 / 133

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 (3) were at the forefront of shipping Silicone from Belgium to the United States.

Latest Trends

July 2024

About

Overview In July 2024 Belgium's Silicone exports accounted up to €22.9M and imports accounted up to €14M, resulting in a positive trade balance of €8.94M. Between July 2023 and July 2024 the exports of Belgium's   Silicone have increased by €4.65M (25.5%) from €18.3M to €22.9M, while imports increased by €3.12M (28.7%) from €10.9M to €14M.

Destinations In July 2024, Silicone were exported mostly to Germany (€3.13M), Netherlands (€2.42M), United Kingdom (€2.3M), United States (€1.73M), and China (€1.4M), and were imported mostly from Germany (€5.07M), Netherlands (€1.88M), China (€1.84M), United Kingdom (€1.76M), and France (€1.04M).

Growth In July 2024, the increase in Silicone's year-by-year exports was explained primarily by an increase in exports to Germany (€760k or 31.5%), United Arab Emirates (€585k or 258%), and United Kingdom (€561k or 28.9%). In July 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 (July 2023 - July 2024)€4.65M(25.5%)
IMPORT GROWTH (July 2023 - July 2024)€3.12M(28.7%)
MAIN DESTINATION (July 2024)Germany€3.13M

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 (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).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Silicone EXPORT MARKETS FOR Belgium WERE (2021 - 2022):
United States$9.25M (46.3%)
Netherlands$7.51M (30.5%)
Latvia$7.26M (10.1k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Silicone BY Belgium WERE (2021 - 2022):
Italy-$19.3M (-71.9%)
France-$14.6M (-49.6%)
United Kingdom-$7.9M (-21.7%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Belgium's main exporting competitors in Silicone were:
China $2.2B
Germany $2.07B
United States $1.55B
In 2022, Belgium's main importing competitors in Silicone were:
United States $1.2B
China $1B
South Korea $600M

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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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