Silicone3910 (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).
Trade By Country
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).
Trade by country
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).
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.
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).
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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