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2022
Exports $2.07BWorld Rnk 2 / 157
Flag Rnk 163 / 1216
2022
Destination $86M United States
2021 - 2022
FASTEST GROWING MARKET $86MUnited States
2022
PRODUCT COMPLEXITY IN Silicone1.72Rnk 20 / 1025
2022
Imports $585MWorld Rnk 4 / 215
Flag Rnk 390 / 1215
2022
Origin $34.2M China
2021 - 2022
FASTEST GROWING ORIGIN $34.2MChina
2022
ECONOMIC COMPLEXITY of Germany1.78Rnk 5 / 133

About

Exports In 2022, Germany exported $2.07B in Silicone, making it the 2nd largest exporter of Silicone in the world. At the same year, Silicone was the 163rd most exported product in Germany. The main destination of Silicone exports from Germany are: United States ($301M), China ($194M), Italy ($152M), France ($112M), and India ($100M).

The fastest growing export markets for Silicone of Germany between 2021 and 2022 were United States ($86M), India ($23M), and China ($19.3M).

Imports In 2022, Germany imported $585M in Silicone, becoming the 4th largest importer of Silicone in the world. At the same year, Silicone was the 390th most imported product in Germany. Germany imports Silicone primarily from: China ($95.1M), Netherlands ($92.9M), France ($92.5M), United Kingdom ($89.7M), and United States ($64M).

The fastest growing import markets in Silicone for Germany between 2021 and 2022 were China ($34.2M), United Kingdom ($30.1M), and Netherlands ($13.4M).

COMPANIES In 2023, leading companies such as Elkem Silicones (8) were at the forefront of shipping Silicone from Germany to the United States.

Latest Trends

Sep 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 Silicone. 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)$2.07B
IMPORTS (2022)$585M
NET TRADE (2022)$1.48B

In 2022, Germany exported $2.07B in Silicone. The main destinations of Germany exports on Silicone were United States ($301M), China ($194M), Italy ($152M), France ($112M), and India ($100M).

In 2022, Germany imported $585M in Silicone, mainly from China ($95.1M), Netherlands ($92.9M), France ($92.5M), United Kingdom ($89.7M), and United States ($64M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Silicone EXPORT MARKETS FOR Germany WERE (2021 - 2022):
United States$86M (40%)
India$23M (29.8%)
China$19.3M (11.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Silicone BY Germany WERE (2021 - 2022):
Russia-$36.7M (-100%)
Saudi Arabia-$9.45M (-100%)
Belgium-$5.35M (-6.58%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Germany's main exporting competitors in Silicone were:
China $2.2B
United States $1.55B
In 2022, Germany's main importing competitors in Silicone were:
United States $1.2B
China $1B
South Korea $600M

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Trade Value of Silicone by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALBelgium+ $36.1M
TOP IMPORT POTENTIALChina+ $25.3M

Silicone’s highest export potential is Belgium. With an export gap of $36.1M.   Silicone’s highest import potential is China with an import gap of $25.3M.

See methodology.

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