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Pricing

2022
Exports $96.6MWorld Rnk 15 / 157
Flag Rnk 484 / 1214
2022
Destination $3.23M Portugal
2021 - 2022
FASTEST GROWING MARKET $3.23MFrance
2022
PRODUCT COMPLEXITY IN Silicone1.72Rnk 20 / 1025
2022
Imports $206MWorld Rnk 18 / 215
Flag Rnk 349 / 1214
2022
Origin $16M Germany
2021 - 2022
FASTEST GROWING ORIGIN $16MChina
2022
ECONOMIC COMPLEXITY of Spain0.81Rnk 33 / 133

About

Exports In 2022, Spain exported $96.6M in Silicone, making it the 15th largest exporter of Silicone in the world. At the same year, Silicone was the 484th most exported product in Spain. The main destination of Silicone exports from Spain are: Portugal ($20.7M), France ($12.7M), Italy ($11.3M), United States ($6.93M), and Germany ($6.82M).

The fastest growing export markets for Silicone of Spain between 2021 and 2022 were France ($3.23M), Portugal ($2.95M), and Italy ($2.25M).

Imports In 2022, Spain imported $206M in Silicone, becoming the 18th largest importer of Silicone in the world. At the same year, Silicone was the 349th most imported product in Spain. Spain imports Silicone primarily from: Germany ($71.2M), France ($44.5M), China ($31.4M), Netherlands ($17.2M), and United Kingdom ($12.2M).

The fastest growing import markets in Silicone for Spain between 2021 and 2022 were China ($16M), Germany ($7.45M), and United Kingdom ($5.8M).

COMPANIES In 2023, leading companies such as Elkem Silicones (12) and Continental Tire (1) were at the forefront of shipping Silicone from Spain to the United States.

Latest Trends

August 2024

About

Overview In August 2024 Spain's Silicone exports accounted up to €4.84M and imports accounted up to €11.2M, resulting in a negative trade balance of €6.38M. Between August 2023 and August 2024 the exports of Spain's   Silicone have decreased by €-66.1k (-1.35%) from €4.91M to €4.84M, while imports increased by €1.54M (15.9%) from €9.68M to €11.2M.

Destinations In August 2024, Silicone were exported mostly to Portugal (€1.03M), Italy (€507k), Germany (€476k), France (€374k), and United States (€335k), and were imported mostly from Germany (€4.11M), China (€1.73M), France (€1.59M), Netherlands (€761k), and United Kingdom (€743k).

Growth In August 2024, the decrease in Silicone's year-by-year exports was explained primarily by a decrease in exports to Italy (€-617k or -48.2%), Portugal (€-542k or -43.1%), and Poland (€-162k or -64%). In August 2024, the increase in Silicone's year-by-year imports was explained primarily by an increase in imports from France (€3.78M or 108%), Norway (€149k or 17.9k%), and Ireland (€62.8k or 110k%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)€-66.1k(-1.35%)
IMPORT GROWTH (August 2023 - August 2024)€1.54M(15.9%)
MAIN EXPORTER (August 2024)Barcelona€6.4M
MAIN DESTINATION (August 2024)Portugal€1.03M

This section shows Silicone's exports and imports data at subnational level for Spain. 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)$96.6M
IMPORTS (2022)$206M
NET TRADE (2022)-$110M

In 2022, Spain exported $96.6M in Silicone. The main destinations of Spain exports on Silicone were Portugal ($20.7M), France ($12.7M), Italy ($11.3M), United States ($6.93M), and Germany ($6.82M).

In 2022, Spain imported $206M in Silicone, mainly from Germany ($71.2M), France ($44.5M), China ($31.4M), Netherlands ($17.2M), and United Kingdom ($12.2M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Silicone EXPORT MARKETS FOR Spain WERE (2021 - 2022):
France$3.23M (34.1%)
Portugal$2.95M (16.6%)
Italy$2.25M (24.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Silicone BY Spain WERE (2021 - 2022):
China-$1.16M (-33.8%)
Netherlands-$993k (-67.8%)
Brazil-$901k (-41.9%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Spain's main exporting competitors in Silicone were:
China $2.2B
Germany $2.07B
United States $1.55B
In 2022, Spain'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 POTENTIALFrance+ $5.28M
TOP IMPORT POTENTIALChina+ $10.3M

Silicone’s highest export potential is France. With an export gap of $5.28M.   Silicone’s highest import potential is China with an import gap of $10.3M.

See methodology.

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