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2023
Exports $1.29BWorld Rnk 3 / 163
Flag Rnk 368 / 1215
2023
Destination $2.84M South Korea
2022 - 2023
FASTEST GROWING MARKET $2.84MRomania
2023
PRODUCT COMPLEXITY IN Silicone1.64Rnk 28 / 1025
2023
Imports $791MWorld Rnk 1 / 216
Flag Rnk 258 / 1214
2023
Origin $13.4M United States
2022 - 2023
FASTEST GROWING ORIGIN $13.4MFrance
2023
ECONOMIC COMPLEXITY of China1.16Rnk 21 / 132

About

Exports In 2023, China exported $1.29B in Silicone, making it the 3rd largest exporter of Silicone in the world. At the same year, Silicone was the 368th most exported product in China. The main destination of Silicone exports from China are: South Korea ($213M), India ($131M), Russia ($76.2M), Vietnam ($75.3M), and Turkey ($66.2M).

The fastest growing export markets for Silicone of China between 2022 and 2023 were Romania ($2.84M), Cambodia ($1.22M), and Japan ($949k).

Imports In 2023, China imported $791M in Silicone, becoming the 1st largest importer of Silicone in the world. At the same year, Silicone was the 258th most imported product in China. China imports Silicone primarily from: United States ($184M), Germany ($178M), Japan ($165M), South Korea ($67.5M), and France ($45.7M).

The fastest growing import markets in Silicone for China between 2022 and 2023 were France ($13.4M), Spain ($412k), and Hong Kong ($307k).

COMPANIES In 2024, leading companies such as CrimsonLogic (321), Amazon (66), and Dollarama (33) were at the forefront of shipping Silicone from China to the United States.

Latest Trends

December 2024

About

Overview In December 2024 China's Silicone exports accounted up to $131M and imports accounted up to $76.4M, resulting in a positive trade balance of $54.4M. Between December 2023 and December 2024 the exports of China's   Silicone have increased by $43.3M (49.4%) from $87.6M to $131M, while imports increased by $10.3M (15.6%) from $66.1M to $76.4M.

Destinations In December 2024, Silicone were exported mostly to South Korea ($21.9M), India ($12.7M), Vietnam ($9.38M), United States ($8.62M), and Russia ($8.51M), and were imported mostly from Japan ($17.7M), Germany ($16.2M), United States ($14.3M), South Korea ($6.96M), and Thailand ($5M).

Growth In December 2024, the increase in Silicone's year-by-year exports was explained primarily by an increase in exports to Vietnam ($4.33M or 99%), Malaysia ($2.2M or 144%), and United Arab Emirates ($1.52M or 48.9%). In December 2024, the increase in Silicone's year-by-year imports was explained primarily by an increase in imports from Japan ($5.66M or 56.9%), United States ($5.44M or 45.3%), and Chinese Taipei ($1.23M or 71.7%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)$43.3M(49.4%)
IMPORT GROWTH (December 2023 - December 2024)$10.3M(15.6%)
MAIN EXPORTER (December 2024)
MAIN DESTINATION (December 2024)South Korea$21.9M

This section shows Silicone's exports and imports data at subnational level for China. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Silicone over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$1.29B
IMPORTS (2023)$791M
NET TRADE (2023)$495M

In 2023, China exported $1.29B in Silicone. The main destinations of China exports on Silicone were South Korea ($213M), India ($131M), Russia ($76.2M), Vietnam ($75.3M), and Turkey ($66.2M).

In 2023, China imported $791M in Silicone, mainly from United States ($184M), Germany ($178M), Japan ($165M), South Korea ($67.5M), and France ($45.7M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Silicone EXPORT MARKETS FOR China WERE (2022 - 2023):
Romania$2.84M (253%)
Cambodia$1.22M (94.4%)
Japan$949k (1.76%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Silicone BY China WERE (2022 - 2023):
United States-$211M (-76.1%)
Germany-$94.6M (-74.8%)
South Korea-$93.3M (-30.5%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, China's main exporting competitors in Silicone were:
Germany $1.68B
United States $1.37B
In 2023, China's main importing competitors in Silicone were:
United States $686M
Germany $502M

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Trade Value of Silicone by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $81.8M
TOP IMPORT POTENTIALSouth Korea+ $23.5M

Silicone’s highest export potential is India. With an export gap of $81.8M.   Silicone’s highest import potential is South Korea with an import gap of $23.5M.

See methodology.

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