Silicone3910 (Harmonized System 1992 for 4-digit)
2020 World Trade: $6.6B, Rnk 408 / 1217
2020 Top Exporter | Top Importer: $1.55B | $826M, China | Germany
2020 Product Complexity: 1.75, Rnk 20 / 1028
2019 - 2020 Export Growth (CAGR): -6.83%, Rnk 587 / 1217
2018 Mean Tariff: 3.84%, Rnk 1042 / 1259
2020 Share of World Trade: 0.039%, Rnk 408 / 1217
Overview This page contains the latest trade data of Silicone. In 2020, Silicone were the world's 408th most traded product, with a total trade of $6.6B. Between 2019 and 2020 the exports of Silicone decreased by -6.83%, from $7.08B to $6.6B. Trade in Silicone represent 0.039% of total world trade.
Silicone are a part of Plastics and articles thereof. They include Silicones in primary forms.
Exports In 2020 the top exporters of Silicone were Germany ($1.55B), United States ($1.1B), China ($763M), Japan ($752M), and United Kingdom ($393M).
Imports In 2020 the top importers of Silicone were China ($826M), United States ($545M), South Korea ($407M), Germany ($326M), and Belgium ($315M).
Tariffs In 2018 the average tariff for Silicone was 3.84%, making it the 1042nd lowest tariff using the HS4 product classification.
The countries with the highest import tariffs for Silicone are Bahamas (40.2%), Bermuda (25%), Cayman Islands (22%), and Maldives (19.6%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritania (0%), Mauritius (0%), and Rwanda (0%).
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 408th most traded product.
In 2020, the top exporters of Silicone were Germany ($1.55B), United States ($1.1B), China ($763M), Japan ($752M), and United Kingdom ($393M).
In 2020, the top importers of Silicone were China ($826M), United States ($545M), South Korea ($407M), Germany ($326M), and Belgium ($315M).
Trade by country
Top Origin Growth (2019 - 2020): United Kingdom, $83.5M
Top Destination Growth (2019 - 2020): Belgium, $96.2M
Between 2019 and 2020, the exports of Silicone grew the fastest in United Kingdom ($83.5M), Belgium ($32.3M), Netherlands ($32.2M), Canada ($5.87M), and Vietnam ($3.07M).
Between 2019 and 2020, the fastest growing importers of Silicone were Belgium ($96.2M), China ($26M), Ireland ($16.7M), Chinese Taipei ($6.67M), and Lithuania ($6.48M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Silicone.
In 2020, market concentration measured using Shannon Entropy, was 3.64. 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 2020.
In 2020, the countries that had a largest trade value in exports than in imports of Silicone were Germany ($1.22B), Japan ($617M), United States ($560M), United Kingdom ($177M), and France ($88.2M).
In 2020, the countries that had a largest trade value in imports than in exports of Silicone were Italy ($192M), Mexico ($189M), Vietnam ($160M), South Korea ($153M), and India ($133M).
In 2019, the world most traded Silicone, disaggragated by their HS6 level were Silicones in primary forms ($6.6B)
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.
In 2018, the average tariff for importing Silicone was 3.84%. The countries with the highest tariffs for importing Silicone were Bahamas (40.2%), Bermuda (25%), Cayman Islands (22%), and Maldives (19.6%).
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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