Silicone3910 (Harmonized System 1992 for 4-digit)
2021 World Trade: $8.83B, Rnk 390 / 1217
2021 Top Exporter | Top Importer: $1.83B | $987M, Germany | China
2021 Product Complexity: 1.69, Rnk 20 / 1024
2020 - 2021 Export Growth (CAGR): 33.5%, Rnk 268 / 1217
2018 Mean Tariff: 3.84%, Rnk 1042 / 1259
2021 Share of World Trade: 0.00042%, Rnk 390 / 1217
Overview This page contains the latest trade data of Silicone. In 2021, Silicone were the world's 390th most traded product, with a total trade of $8.83B. Between 2020 and 2021 the exports of Silicone grew by 33.5%, from $6.61B to $8.83B. Trade in Silicone represent 0.00042% of total world trade.
Silicone are a part of Plastics & articles thereof. They include Silicones, primary forms.
Exports In 2021 the top exporters of Silicone were Germany ($1.83B), China ($1.56B), United States ($1.38B), Japan ($904M), and France ($411M).
Imports In 2021 the top importers of Silicone were China ($987M), United States ($754M), South Korea ($585M), Germany ($472M), and Belgium ($416M).
Tariffs In 2018 the average tariff for Silicone was 3.84%, making it the 1042nd lowest tariff using the HS4 product classification.
Ranking Silicone ranks 20th in the Product Complexity Index (PCI).
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.
* Using January 2020 exchange rates when trade data is reported in local currency.
Trade By Country
Silicone are the world's 390th most traded product.
In 2021, the top exporters of Silicone were Germany ($1.83B), China ($1.56B), United States ($1.38B), Japan ($904M), and France ($411M).
In 2021, the top importers of Silicone were China ($987M), United States ($754M), South Korea ($585M), Germany ($472M), and Belgium ($416M).
Trade by country
Top Origin Growth (2020 - 2021): China, $798M
Top Destination Growth (2020 - 2021): United States, $210M
Between 2020 and 2021, the exports of Silicone grew the fastest in China ($798M), Germany ($286M), United States ($279M), Japan ($149M), and Netherlands ($141M).
Between 2020 and 2021, the fastest growing importers of Silicone were United States ($210M), South Korea ($178M), China ($162M), Germany ($146M), and Netherlands ($119M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Silicone.
In 2021, market concentration measured using Shannon Entropy, was 3.65. This means that most of the exports of Silicone are explained by 12 countries.
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 2021.
In 2021, the countries that had a largest trade value in exports than in imports of Silicone were Germany ($1.36B), Japan ($717M), United States ($629M), China ($574M), and France ($134M).
In 2021, the countries that had a largest trade value in imports than in exports of Silicone were Italy ($258M), South Korea ($244M), Mexico ($230M), India ($206M), and Vietnam ($204M).
In 2021, the world most traded Silicone, disaggragated by their HS6 level were Silicones, primary forms ($8.83B)
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.
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.
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