HS Icon Silicone

3910 (Harmonized System 1992 for 4-digit)

 2019
World Trade
: $7.93B, Rnk 381 / 1217

2019
Top Exporter | Top Importer
: $1.87B | $813M, Germany | China

2019
Product Complexity
: 1.72, Rnk 15 / 961

2018 - 2019
Export Growth (CAGR)
: -9.15%, Rnk 937 / 1217

2018
Mean Tariff
: 3.89%, Rnk 1022 / 1259

 2019
Share of World Trade
: 0.044%, Rnk 381 / 1217

Overview:  This page contains the latest trade data of Silicone. In 2019, Silicone were the world's 381st most traded product, with a total trade of $7.93B. Between 2018 and 2019 the exports of Silicone decreased by -9.15%, from  $8.73B to $7.93B. Trade in Silicone represent 0.044% of total world trade.

Exports: In 2019 the top exporters of Silicone  were Germany ($1.87B), United States ($1.34B), Japan ($803M), China ($795M), and Belgium ($567M).

Imports: In 2019 the top importers of Silicone were China ($813M), Belgium ($713M), United States ($609M), South Korea ($443M), and Germany ($443M).

Tariffs: In 2018 the average tariff for Silicone was 3.89%, making it the 1022nd 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 15th in the Product Complexity Index (PCI).

Exporters and Importers

#permalink to section

Trade By Country

Top Origin (2019): Germany, $1.87B

Top Destination (2019): China, $813M

Silicone are the world's 381st most traded product.

In 2019, the top exporters of Silicone were Germany ($1.87B), United States ($1.34B), Japan ($803M), China ($795M), and Belgium ($567M).

In 2019, the top importers of Silicone were China ($813M), Belgium ($713M), United States ($609M), South Korea ($443M), and Germany ($443M).

Explore Visualizations

Market Dynamics

#permalink to section

Trade by country

Value

Top Origin Growth (2018 -  2019): United Arab Emirates, $5.63M

Top Destination Growth (2018 - 2019): Belgium, $43M

Between 2018 and 2019, the exports of Silicone grew the fastest in United Arab Emirates ($5.63M), Brazil ($5.56M), North Korea ($5.31M), Canada ($5.08M), and Indonesia ($3.72M).

Between 2018 and 2019, the fastest growing importers of Silicone were Belgium ($43M), Dominican Republic ($5.83M), Saudi Arabia ($2.5M), Vietnam ($2M), and Iraq ($1.96M).

Explore Visualizations

Market Concentration

#permalink to section

Cumulative market share

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

In 2019,  market concentration measured using Shannon Entropy, was 3.64. This means that most of the exports of Silicone are explained by 12 countries.

Explore Visualizations

TOP NET EXPORTER (2019): Germany, $1.42B

TOP NET IMPORTER (2019): Italy, $238M

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 2019.

In 2019, the countries that had a largest trade value in exports than in imports of Silicone were Germany ($1.42B), United States ($726M), Japan ($636M), United Kingdom ($272M), and Thailand ($94.5M).

In 2019, the countries that had a largest trade value in imports than in exports of Silicone were Italy ($238M), Mexico ($216M), Vietnam ($169M), South Korea ($164M), and India ($160M).

Disaggregation

#permalink to section
Value

In 2019, the world most traded Silicone, disaggragated by their HS6 level were Silicones in primary forms ($7.93B)

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.