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2022
Exports $1.55BWorld Rnk 3 / 157
Flag Rnk 201 / 1217
2022
Destination $48.1M Mexico
2021 - 2022
FASTEST GROWING MARKET $48.1MMexico
2022
PRODUCT COMPLEXITY IN Silicone1.72Rnk 20 / 1025
2022
Imports $1.2BWorld Rnk 1 / 215
Flag Rnk 359 / 1216
2022
Origin $133M Germany
2021 - 2022
FASTEST GROWING ORIGIN $133MChina
2022
ECONOMIC COMPLEXITY of United States1.47Rnk 10 / 133

About

Exports In 2022, United States exported $1.55B in Silicone, making it the 3rd largest exporter of Silicone in the world. At the same year, Silicone was the 201st most exported product in United States. The main destination of Silicone exports from United States are: Mexico ($226M), China ($197M), Canada ($152M), Belgium ($101M), and United Kingdom ($91.1M).

The fastest growing export markets for Silicone of United States between 2021 and 2022 were Mexico ($48.1M), Canada ($24.1M), and United Kingdom ($16.1M).

Imports In 2022, United States imported $1.2B in Silicone, becoming the 1st largest importer of Silicone in the world. At the same year, Silicone was the 359th most imported product in United States. United States imports Silicone primarily from: Germany ($301M), China ($266M), Japan ($192M), Canada ($114M), and Thailand ($60.5M).

The fastest growing import markets in Silicone for United States between 2021 and 2022 were China ($133M), Germany ($86M), and Japan ($53.5M).

COMPANIES In 2023, leading companies such as CrimsonLogic (318), Elkem Silicones (135), and Polyplex (132) were at the forefront of shipping Silicone to the United States.

Latest Trends

August 2024

About

Overview In August 2024 United States' Silicone exports accounted up to $127M and imports accounted up to $56.9M, resulting in a positive trade balance of $70.1M. Between August 2023 and August 2024 the exports of United States'   Silicone have decreased by $-908k (-0.71%) from $128M to $127M, while imports increased by $8.09M (16.6%) from $48.8M to $56.9M.

Destinations In August 2024, Silicone were exported mostly to Mexico ($17.1M), Belgium ($14M), China ($13.6M), Canada ($10.8M), and Netherlands ($6.94M), and were imported mostly from Germany ($16.7M), Japan ($11.6M), China ($7.64M), Canada ($6.57M), and France ($3.52M).

Growth In August 2024, the decrease in Silicone's year-by-year exports was explained primarily by a decrease in exports to Brazil ($-2.45M or -32.7%), China ($-1.8M or -11.1%), and Colombia ($-1.47M or -58.8%). In August 2024, the increase in Silicone's year-by-year imports was explained primarily by an increase in imports from Japan ($14.9M or 123%), Germany ($9.57M or 60.3%), and France ($2.4M or 129%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)$-908k(-0.71%)
IMPORT GROWTH (August 2023 - August 2024)$8.09M(16.6%)
MAIN EXPORTER (August 2024)Kentucky$33.7M
MAIN DESTINATION (August 2024)Mexico$17.1M

This section shows Silicone's exports and imports data at subnational level for United States. 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)$1.55B
IMPORTS (2022)$1.2B
NET TRADE (2022)$350M

In 2022, United States exported $1.55B in Silicone. The main destinations of United States exports on Silicone were Mexico ($226M), China ($197M), Canada ($152M), Belgium ($101M), and United Kingdom ($91.1M).

In 2022, United States imported $1.2B in Silicone, mainly from Germany ($301M), China ($266M), Japan ($192M), Canada ($114M), and Thailand ($60.5M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Silicone EXPORT MARKETS FOR United States WERE (2021 - 2022):
Mexico$48.1M (27.1%)
Canada$24.1M (18.8%)
United Kingdom$16.1M (21.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Silicone BY United States WERE (2021 - 2022):
South Korea-$14M (-16.9%)
Italy-$9.45M (-41.6%)
Russia-$3.11M (-86.2%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Silicone by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $17.1M
TOP IMPORT POTENTIALChina+ $37.5M

Silicone’s highest export potential is India. With an export gap of $17.1M.   Silicone’s highest import potential is China with an import gap of $37.5M.

See methodology.

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