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Silicones in primary forms

3910 (Harmonized System 1992 for 4-digit)

2022
World Trade $10.7BRnk 358 / 1218
2022
Top Exporter | Top Importer $2.2B | $1.2BChina | United States
2022
Product Complexity 1.61Rnk 31 / 1033
2021 - 2022
Export Growth (CAGR) 20.1%Rnk 181 / 1218
2022
Share of World Trade 0.045%Rnk 358 / 1218

About

Overview This page contains the latest trade data of Silicone. In 2022, Silicone were the world's 358th most traded product, with a total trade of $10.7B. Between 2021 and 2022 the exports of Silicone grew by 20.1%, from $8.87B to $10.7B. Trade in Silicone represent 0.045% of total world trade.

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

Exports In 2022 the top exporters of Silicone  were China ($2.2B), Germany ($2.07B), United States ($1.55B), Japan ($1.01B), and United Kingdom ($612M).

Imports In 2022 the top importers of Silicone were United States ($1.2B), China ($1B), South Korea ($600M), Germany ($585M), and Belgium ($540M).

Ranking Silicone ranks 31st in the Product Complexity Index (PCI).

Description -

Latest Trends

Latest Data

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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 (2022)China$2.2B
Top Destination (2022)United States$1.2B

In 2022 Silicone were the world's 358th most traded product (out of 1,218).

In 2022, the top exporters of Silicone were China ($2.2B), Germany ($2.07B), United States ($1.55B), Japan ($1.01B), and United Kingdom ($612M).

In 2022, the top importers of Silicone were United States ($1.2B), China ($1B), South Korea ($600M), Germany ($585M), and Belgium ($540M).

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Exporters of Silicone (2022)
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Importers of Silicone (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)China$619M
Top Destination Growth (2021 -  2022)United States$440M

Between 2021 and 2022, the exports of Silicone grew the fastest in China ($619M), Germany ($234M), United Kingdom ($220M), United States ($162M), and Japan ($107M).

Between 2021 and 2022, the fastest growing importers of Silicone were United States ($440M), India ($127M), Belgium ($114M), Germany ($113M), and Mexico ($98M).

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Exporters of Silicone (2021 - 2022)

Importers of Silicone (2021 - 2022)

Market Concentration

Value

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

In 2022, market concentration measured using Shannon Entropy, was 3.65. 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 (2022)Germany$1.48B
TOP NET IMPORTER (2022)Mexico$340M

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 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Silicone were Germany ($1.48B), China ($1.2B), Japan ($792M), United States ($350M), and United Kingdom ($269M).

In 2022, the countries that had a largest trade value in imports than in exports of Silicone were Mexico ($340M), Italy ($307M), India ($299M), Belgium ($225M), and Vietnam ($222M).

Net Trade (2022)

Country Comparison

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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 (2022)

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 (2022)

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