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Exports In 2022, India exported $8.27M in Silicon carbide, making it the 21st largest exporter of Silicon carbide in the world. At the same year, Silicon carbide was the 2292nd most exported product in India. The main destination of Silicon carbide exports from India are: Germany ($1.63M), United Kingdom ($1.04M), Spain ($877k), Poland ($845k), and Singapore ($701k).

The fastest growing export markets for Silicon carbide of India between 2021 and 2022 were Germany ($1.06M), Spain ($643k), and United Kingdom ($429k).

Imports In 2022, India imported $67.6M in Silicon carbide, becoming the 5th largest importer of Silicon carbide in the world. At the same year, Silicon carbide was the 917th most imported product in India. India imports Silicon carbide primarily from: Vietnam ($22.1M), China ($21.8M), Russia ($8.74M), Bhutan ($6.45M), and Hong Kong ($4.35M).

The fastest growing import markets in Silicon carbide for India between 2021 and 2022 were Vietnam ($9.06M), Bhutan ($2.32M), and China ($2.05M).

COMPANIES In 2023, leading companies such as John Deere (6.8k), IKEA Group (6.65k), and Old Navy (4.68k) were at the forefront of shipping Silicon carbide from India to the United States.

Latest Trends

Jul 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Silicon carbide. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$8.27M
IMPORTS (2022)$67.6M
NET TRADE (2022)-$59.3M

In 2022, India exported $8.27M in Silicon carbide. The main destinations of India exports on Silicon carbide were Germany ($1.63M), United Kingdom ($1.04M), Spain ($877k), Poland ($845k), and Singapore ($701k).

In 2022, India imported $67.6M in Silicon carbide, mainly from Vietnam ($22.1M), China ($21.8M), Russia ($8.74M), Bhutan ($6.45M), and Hong Kong ($4.35M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Silicon carbide EXPORT MARKETS FOR India WERE (2021 - 2022):
Germany$1.06M (185%)
Spain$643k (275%)
United Kingdom$429k (70.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Silicon carbide BY India WERE (2021 - 2022):
Poland-$1.1M (-56.6%)
Russia-$264k (-100%)
Singapore-$207k (-22.8%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, India's main exporting competitors in Silicon carbide were:
China $606M
Germany $69.5M
In 2022, India's main importing competitors in Silicon carbide were:

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Trade Value of Silicon carbide by Exporters

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