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2022
Exports $2.2BWorld Rnk 1 / 157
Flag Rnk 279 / 1216
2022
Destination $133M South Korea
2021 - 2022
FASTEST GROWING MARKET $133MUnited States
2022
PRODUCT COMPLEXITY IN Silicone1.72Rnk 20 / 1025
2022
Imports $1BWorld Rnk 2 / 215
Flag Rnk 221 / 1212
2022
Origin $29M Japan
2021 - 2022
FASTEST GROWING ORIGIN $29MMalaysia
2022
ECONOMIC COMPLEXITY of China1.12Rnk 22 / 133

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 CrimsonLogic (318), Amazon (96), and Mystic Apparel (15) were at the forefront of shipping Silicone from China to the United States.

Latest Trends

October 2024

About

Overview In October 2024 China's Silicone exports accounted up to $115M and imports accounted up to $64.6M, resulting in a positive trade balance of $50M. Between October 2023 and October 2024 the exports of China's   Silicone have increased by $22M (23.7%) from $92.7M to $115M, while imports increased by $2.47M (3.97%) from $62.2M to $64.6M.

Destinations In October 2024, Silicone were exported mostly to South Korea ($18.9M), India ($13.7M), Russia ($9.26M), Vietnam ($6.58M), and United States ($5.98M), and were imported mostly from Germany ($14.9M), Japan ($13.8M), United States ($13.4M), South Korea ($6.81M), and Thailand ($3.72M).

Growth In October 2024, the increase in Silicone's year-by-year exports was explained primarily by an increase in exports to Russia ($2.05M or 40.7%), Uzbekistan ($292k or 12.2k%), and Burma ($267k or 506%). In October 2024, the increase in Silicone's year-by-year imports was explained primarily by an increase in imports from France ($1.2M or 47.1%), Italy ($512k or 353%), and Indonesia ($455k or 119%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)$22M(23.7%)
IMPORT GROWTH (October 2023 - October 2024)$2.47M(3.97%)
MAIN EXPORTER (October 2024)Zhejiang Province$32.5M
MAIN DESTINATION (October 2024)South Korea$18.9M

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.

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Historical Data

Trade Balance

Color
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).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Silicone EXPORT MARKETS FOR China WERE (2021 - 2022):
United States$133M (100%)
India$59.8M (56.6%)
Italy$48.3M (194%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Silicone BY China WERE (2021 - 2022):
China-$8.69M (-37.4%)
Chinese Taipei-$3.24M (-4.19%)
South Korea-$2.81M (-0.92%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Silicone by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $81.8M
TOP IMPORT POTENTIALSouth Korea+ $23.5M

Silicone’s highest export potential is India. With an export gap of $81.8M.   Silicone’s highest import potential is South Korea with an import gap of $23.5M.

See methodology.

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