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2023
Exports $297MWorld Rnk 8 / 163
Flag Rnk 199 / 1216
2023
Destination $1.25M Germany
2022 - 2023
FASTEST GROWING MARKET $1.25MCosta Rica
2023
PRODUCT COMPLEXITY IN Silicone1.64Rnk 28 / 1025
2023
Imports $286MWorld Rnk 10 / 216
Flag Rnk 355 / 1214
2023
Origin $2.22M United States
2022 - 2023
FASTEST GROWING ORIGIN $2.22MItaly
2023
ECONOMIC COMPLEXITY of United Kingdom1.5Rnk 11 / 132

About

Exports In 2023, United Kingdom exported $297M in Silicone, making it the 8th largest exporter of Silicone in the world. At the same year, Silicone was the 199th most exported product in United Kingdom. The main destination of Silicone exports from United Kingdom are: Germany ($48.2M), Netherlands ($39.3M), Belgium ($37.5M), Italy ($18.3M), and France ($17.7M).

The fastest growing export markets for Silicone of United Kingdom between 2022 and 2023 were Costa Rica ($1.25M), Chinese Taipei ($913k), and Canada ($561k).

Imports In 2023, United Kingdom imported $286M in Silicone, becoming the 10th largest importer of Silicone in the world. At the same year, Silicone was the 355th most imported product in United Kingdom. United Kingdom imports Silicone primarily from: United States ($87.3M), Germany ($78.4M), Japan ($36.6M), France ($28M), and China ($16.5M).

The fastest growing import markets in Silicone for United Kingdom between 2022 and 2023 were Italy ($2.22M), Japan ($1.67M), and Ireland ($463k).

Latest Trends

December 2024

About

Overview In December 2024 United Kingdom's Silicone exports accounted up to £16.6M and imports accounted up to £15M, resulting in a positive trade balance of £1.61M. Between December 2023 and December 2024 the exports of United Kingdom's   Silicone have decreased by £-15.6M (-48.4%) from £32.2M to £16.6M, while imports increased by £1.74M (13.1%) from £13.3M to £15M.

Destinations In December 2024, Silicone were exported mostly to Belgium (£6.68M), Netherlands (£1.67M), Germany (£1.54M), France (£995k), and Italy (£647k), and were imported mostly from United States (£4.78M), France (£2.56M), Germany (£2.01M), Belgium (£1.47M), and Netherlands (£1.46M).

Growth In December 2024, the decrease in Silicone's year-by-year exports was explained primarily by a decrease in exports to Belgium (£-7.3M or -40%), Germany (£-1.29M or -31.9%), and United States (£-671k or -66.3%). In December 2024, the increase in Silicone's year-by-year imports was explained primarily by an increase in imports from Netherlands (£5.97M or 371%), Canada (£474k or 120%), and China (£222k or 71.7%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)£-15.6M(-48.4%)
IMPORT GROWTH (December 2023 - December 2024)£1.74M(13.1%)
MAIN EXPORTER (December 2024)
MAIN DESTINATION (December 2024)Belgium£6.68M

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 (2023)$297M
IMPORTS (2023)$286M
NET TRADE (2023)$10.7M

In 2023, United Kingdom exported $297M in Silicone. The main destinations of United Kingdom exports on Silicone were Germany ($48.2M), Netherlands ($39.3M), Belgium ($37.5M), Italy ($18.3M), and France ($17.7M).

In 2023, United Kingdom imported $286M in Silicone, mainly from United States ($87.3M), Germany ($78.4M), Japan ($36.6M), France ($28M), and China ($16.5M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Silicone EXPORT MARKETS FOR United Kingdom WERE (2022 - 2023):
Costa Rica$1.25M (1.17k%)
Chinese Taipei$913k (71.3%)
Canada$561k (41.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Silicone BY United Kingdom WERE (2022 - 2023):
Germany-$45.9M (-48.8%)
United States-$22M (-66.6%)
Belgium-$15.7M (-29.5%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, United Kingdom's main exporting competitors in Silicone were:
Germany $1.68B
United States $1.37B
China $1.29B
In 2023, United Kingdom's main importing competitors in Silicone were:
China $791M
United States $686M
Germany $502M

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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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