Silicone in United Kingdom | The Observatory of Economic Complexity

About

Exports In 2022, United Kingdom exported $612M in Silicone, making it the 5th largest exporter of Silicone in the world. At the same year, Silicone was the 127th most exported product in United Kingdom. The main destination of Silicone exports from United Kingdom are: Belgium ($243M), Germany ($89.7M), Netherlands ($44.5M), Italy ($24.8M), and United States ($24.6M).

The fastest growing export markets for Silicone of United Kingdom between 2021 and 2022 were Belgium ($95.4M), Germany ($30.1M), and South Korea ($16.8M).

Imports In 2022, United Kingdom imported $343M in Silicone, becoming the 10th largest importer of Silicone in the world. At the same year, Silicone was the 339th most imported product in United Kingdom. United Kingdom imports Silicone primarily from: Germany ($99M), United States ($91.1M), Belgium ($28.6M), France ($28M), and Netherlands ($25M).

The fastest growing import markets in Silicone for United Kingdom between 2021 and 2022 were United States ($16.1M), Germany ($16.1M), and Japan ($8.8M).

COMPANIES In 2023, leading companies such as AMAZON SERVICES LLC (232) were at the forefront of shipping Silicone from United Kingdom to the United States.

Latest Trends

January 2024

About

Overview In January 2024 United Kingdom's Silicone exports accounted up to £27.3M and imports accounted up to £23.8M, resulting in a positive trade balance of £3.5M. Between January 2023 and January 2024 the exports of United Kingdom's Silicone have decreased by £-6.16M (-18.4%) from £33.5M to £27.3M, while imports increased by £3.18M (15.4%) from £20.6M to £23.8M.

Destinations In January 2024, Silicone were exported mostly to Belgium (£10.9M), Germany (£2.75M), Netherlands (£1.89M), Brazil (£1.85M), and Italy (£1.68M), and were imported mostly from Netherlands (£7.58M), France (£4.66M), United States (£4.04M), Germany (£3.25M), and Japan (£1.06M).

Growth In January 2024, the decrease in Silicone's year-by-year exports was explained primarily by a decrease in exports to Germany (£-1.17M or -22.5%), Spain (£-933k or -73.8%), and Italy (£-906k or -49.7%). In January 2024, the increase in Silicone's year-by-year imports was explained primarily by an increase in imports from Japan (£890k or 106%), Germany (£860k or 24.9%), and United States (£261k or 6.2%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)£-6.16M(-18.4%)

IMPORT GROWTH (January 2023 - January 2024)£3.18M(15.4%)

MAIN EXPORTER (January 2024)Dover Eurotunnel£10.7M

MAIN DESTINATION (January 2024)Belgium£10.9M

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.

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