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Silicones in primary forms

3910 (Harmonized System 1992 for 4-digit)

2023
World Trade $8.08BRnk 413 / 1217
2023
Top Exporter | Top Importer $1.68B | $791MGermany | China
2023
Product Complexity 1.57Rnk 32 / 1044
2022 - 2023
Export Growth (CAGR) -26.7%Rnk 1127 / 1217
2023
Share of World Trade 0.036%Rnk 413 / 1217

About

Overview This page contains the latest trade data of Silicone. In 2023, Silicone were the world's 413th most traded product, with a total trade of $8.08B. Between 2022 and 2023 the exports of Silicone decreased by -26.7%, from $11B to $8.08B. Trade in Silicone represent 0.036% of total world trade.

Silicone are a part of Plastics & articles thereof. They include Silicones, primary forms.

Exports In 2023 the top exporters of Silicone  were Germany ($1.68B), United States ($1.37B), China ($1.29B), Japan ($869M), and Belgium ($423M).

Imports In 2023 the top importers of Silicone were China ($791M), United States ($686M), Germany ($502M), South Korea ($413M), and Netherlands ($410M).

Ranking Silicone ranks 32nd in the Product Complexity Index (PCI).

Latest Trends

Latest Data

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Flow
Y-AXIS SCALE

The following visualization shows the latest trends on Silicone. Countries are shown based on data availability.

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

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* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Historical Data

Exporters and Importers

Top Origin (2023)Germany$1.68B
Top Destination (2023)China$791M

In 2023 Silicone were the world's 413th most traded product (out of 1,217).

In 2023, the top exporters of Silicone were Germany ($1.68B), United States ($1.37B), China ($1.29B), Japan ($869M), and Belgium ($423M).

In 2023, the top importers of Silicone were China ($791M), United States ($686M), Germany ($502M), South Korea ($413M), and Netherlands ($410M).

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Exporters of Silicone (2023)
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Importers of Silicone (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Singapore$10.4M
Top Destination Growth (2022 -  2023)Romania$15.6M

Between 2022 and 2023, the exports of Silicone grew the fastest in Singapore ($10.4M), Romania ($4.22M), Switzerland ($3.86M), Turkey ($3.23M), and Latvia ($2.44M).

Between 2022 and 2023, the fastest growing importers of Silicone were Romania ($15.6M), Hungary ($5.24M), Algeria ($2.34M), Iceland ($2.28M), and Mauritius ($1.6M).

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Exporters of Silicone (2022 - 2023)

Importers of Silicone (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Silicone.

In 2023, market concentration measured using Shannon Entropy, was 3.66. This means that most of the exports of Silicone are explained by 12 countries.

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Value of Exports in Silicone

Net Trade

TOP NET EXPORTER (2023)Germany$1.18B
TOP NET IMPORTER (2023)Mexico$306M

This map shows which countries export or import more of Silicone. Each country is colored based on the difference in exports and imports of Silicone during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Silicone were Germany ($1.18B), United States ($684M), Japan ($677M), China ($495M), and Belgium ($240M).

In 2023, the countries that had a largest trade value in imports than in exports of Silicone were Mexico ($306M), India ($238M), Italy ($233M), South Korea ($195M), and Brazil ($169M).

Net Trade (2023)

Country Comparison

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Measure
Ranking

This visualization shows the countries that have an important ratio of their trade related to Silicone.
It is possible to select the main countries that export or import Silicone in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Silicone by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALBelgium+ $36.1M
TOP IMPORT POTENTIALChina+ $25.3M

Silicone’s highest export potential is Belgium. With an export gap of $36.1M.  Silicone’s highest import potential is China with an import gap of $25.3M.

See methodology.

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Product Complexity

Diversification Frontier

Specialization

The Complexity-Relatedness diagram compares the risk and the strategic value of a product's potential export opportunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth potential, lower income inequality, and lower emissions.

Relatedness vs Country Complexity (2023)

Related Products

This visualization shows products that are likely to be exported by countries that export Silicone.

Country by Relatedness

The following visualization shows the relatedness of Silicone to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Relative Relatedness by Country (2023)

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