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2022
Exports $612MWorld Rnk 5 / 157
Flag Rnk 127 / 1216
2022
Destination $95.4M Belgium
2021 - 2022
FASTEST GROWING MARKET $95.4MBelgium
2022
PRODUCT COMPLEXITY IN Silicone1.72Rnk 20 / 1025
2022
Imports $343MWorld Rnk 10 / 215
Flag Rnk 339 / 1214
2022
Origin $16.1M Germany
2021 - 2022
FASTEST GROWING ORIGIN $16.1MUnited States
2022
ECONOMIC COMPLEXITY of United Kingdom1.42Rnk 12 / 133

About

Exports In 2022, United Kingdom exported $612M in Silicone, making it the 5th largest exporter of Silicone in the world. At the same year, Silicone was the 127th most exported product in United Kingdom. The main destination of Silicone exports from United Kingdom are: Belgium ($243M), Germany ($89.7M), Netherlands ($44.5M), Italy ($24.8M), and United States ($24.6M).

The fastest growing export markets for Silicone of United Kingdom between 2021 and 2022 were Belgium ($95.4M), Germany ($30.1M), and South Korea ($16.8M).

Imports In 2022, United Kingdom imported $343M in Silicone, becoming the 10th largest importer of Silicone in the world. At the same year, Silicone was the 339th most imported product in United Kingdom. United Kingdom imports Silicone primarily from: Germany ($99M), United States ($91.1M), Belgium ($28.6M), France ($28M), and Netherlands ($25M).

The fastest growing import markets in Silicone for United Kingdom between 2021 and 2022 were United States ($16.1M), Germany ($16.1M), and Japan ($8.8M).

COMPANIES In 2023, leading companies such as Amazon (3) were at the forefront of shipping Silicone from United Kingdom to the United States.

Latest Trends

October 2024

About

Overview In October 2024 United Kingdom's Silicone exports accounted up to £18.3M and imports accounted up to £17.2M, resulting in a positive trade balance of £1.13M. Between October 2023 and October 2024 the exports of United Kingdom's   Silicone have decreased by £-2.34M (-11.3%) from £20.7M to £18.3M, while imports decreased by £-1.05M (-5.76%) from £18.3M to £17.2M.

Destinations In October 2024, Silicone were exported mostly to Belgium (£3.72M), Netherlands (£2.59M), Germany (£1.71M), Ireland (£1.15M), and Italy (£1.11M), and were imported mostly from Germany (£4.07M), United States (£2.99M), France (£2.79M), Belgium (£1.98M), and Netherlands (£1.35M).

Growth In October 2024, the decrease in Silicone's year-by-year exports was explained primarily by a decrease in exports to Germany (£-1.17M or -22.5%), Spain (£-933k or -73.8%), and Italy (£-906k or -49.7%). In October 2024, the decrease in Silicone's year-by-year imports was explained primarily by a decrease in imports from Netherlands (£-1.77M or -52.4%), China (£-1.05M or -77.2%), and France (£-245k or -3.77%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)£-2.34M(-11.3%)
IMPORT GROWTH (October 2023 - October 2024)£-1.05M(-5.76%)
MAIN EXPORTER (October 2024)Cardiff£10.8M
MAIN DESTINATION (October 2024)Belgium£3.72M

This section shows Silicone's exports and imports data at subnational level for United Kingdom. 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 (2022)$612M
IMPORTS (2022)$343M
NET TRADE (2022)$269M

In 2022, United Kingdom exported $612M in Silicone. The main destinations of United Kingdom exports on Silicone were Belgium ($243M), Germany ($89.7M), Netherlands ($44.5M), Italy ($24.8M), and United States ($24.6M).

In 2022, United Kingdom imported $343M in Silicone, mainly from Germany ($99M), United States ($91.1M), Belgium ($28.6M), France ($28M), and Netherlands ($25M).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Silicone EXPORT MARKETS FOR United Kingdom WERE (2021 - 2022):
Belgium$95.4M (64.7%)
Germany$30.1M (50.5%)
South Korea$16.8M (313%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Silicone BY United Kingdom WERE (2021 - 2022):
France-$3.8M (-16.7%)
Niger-$1.74M (-100%)
Japan-$1.26M (-31.8%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, United Kingdom's main exporting competitors in Silicone were:
China $2.2B
Germany $2.07B
United States $1.55B
In 2022, United Kingdom'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 POTENTIALUnited States+ $15.6M
TOP IMPORT POTENTIALChina+ $15.4M

Silicone’s highest export potential is United States. With an export gap of $15.6M.   Silicone’s highest import potential is China with an import gap of $15.4M.

See methodology.

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