HS Icon Silicone

3910 (Harmonized System 1992 for 4-digit)

World Trade (2018): $8.68B, Rnk 361 / 1225

Top Exporter (2018): $1.94B, Germany

Top Importer (2018): $815M, China

Product Complexity (2018): 1.87, Rnk 13 / 1018

Export Growth (CAGR)(2017 - 2018): 20.9%, Rnk 317 / 1225

Mean Tariff (2018): 3.89%, Rnk 1022 / 1259

Share of World Trade (2018): 0.047%, Rnk 361 / 1225

Overview:  This page contains the latest trade data of Silicone. In 2018, Silicone were the world's 361st most traded product, with a total trade of $8.68B. Between 2017 and 2018 the exports of Silicone grew by 20.9%, from  $7.18B to $8.68B. Trade in Silicone represent 0.047% of total world trade.

Exports: In 2018 the top exporters of Silicone  were Germany ($1.94B), United States ($1.36B), China ($1.14B), Japan ($920M), and United Kingdom ($593M).

Imports: In 2018 the top importers of Silicone were China ($815M), United States ($688M), Belgium-Luxembourg ($679M), South Korea ($577M), and Germany ($528M).

Tariffs: In 2018 the average tariff for Silicone was 3.89%, been the 1022 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Silicone are Bahamas (40.2%), Bermuda (25%), Maldives (19.6%), Romania (16.5%), and Aruba (12%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritania (0%), Mauritius (0%), and Rwanda (0%).

Ranking: Silicone ranks 13th in the Product Complexity Index (PCI).

Exporters and Importers

#permalink to section

Trade By Country

Top Origin (2018): Germany, $1.94B

Top Destination (2018): China, $815M

Silicone are the world's 361st most traded product.

In 2018, the top exporters of Silicone were Germany ($1.94B), United States ($1.36B), China ($1.14B), Japan ($920M), and United Kingdom ($593M).

In 2018, the top importers of Silicone were China ($815M), United States ($688M), Belgium-Luxembourg ($679M), South Korea ($577M), and Germany ($528M).

Explore Visualizations

Market Dynamics

#permalink to section

Trade by country

Value

Top Origin Growth (2017 -  2018): China, $465M

Top Destination Growth (2017 - 2018): Netherlands, $185M

Between 2017 and 2018, the exports of Silicone grew the fastest in China ($465M), Germany ($363M), Belgium-Luxembourg ($157M), United Kingdom ($83.2M), and Thailand ($80.2M).

Between 2017 and 2018, the fastest growing importers of Silicone were Netherlands ($185M), United States ($145M), Canada ($144M), Italy ($88.5M), and South Korea ($88.3M).

Explore Visualizations

Market Concentration

#permalink to section

Cumulative market share

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

In 2018,  market concentration measured using Shannon Entropy, was 3.62. This means that most of the exports of Silicone are explained by 12 countries.

Explore Visualizations

TOP NET EXPORTER (2018): Germany, $1.42B

TOP NET IMPORTER (2018): Italy, $292M

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 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Silicone were Germany ($1.42B), Japan ($731M), United States ($668M), China ($326M), and United Kingdom ($290M).

In 2018, the countries that had a largest trade value in imports than in exports of Silicone were Italy ($292M), South Korea ($263M), Mexico ($224M), India ($193M), and Vietnam ($155M).

Trade Forecasts

#permalink to section

This section shows forecasts for total trade for Silicone. The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.

Explore Forecasts

Import Tariffs

#permalink to section

In 2018, the average tariff for importing Silicone was 3.89%.  The countries with the highest tariffs for importing Silicone were Bahamas (40.2%), Bermuda (25%), Maldives (19.6%), Romania (16.5%), and Aruba (12%).

Explore Tariff Data

Product Complexity

#permalink to section

Diversification Frontier

#permalink to section
Filter

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.