Overview: 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).