2022
Exports
$48.9MWorld Rnk 20 / 157
Flag Rnk 212 / 1177
2022
PRODUCT COMPLEXITY IN Silicone
1.72Rnk 20 / 1025
2022
Imports
$99.6MWorld Rnk 26 / 215
Flag Rnk 283 / 1207
2022
ECONOMIC COMPLEXITY of Hong Kong
1.18Rnk 21 / 133

About

Exports In 2022, Hong Kong exported $48.9M in Silicone, making it the 20th largest exporter of Silicone in the world. At the same year, Silicone was the 212th most exported product in Hong Kong. The main destination of Silicone exports from Hong Kong are: Chinese Taipei ($12.5M), Belgium ($12M), Indonesia ($6.24M), Hungary ($3.97M), and China ($2.55M).

The fastest growing export markets for Silicone of Hong Kong between 2021 and 2022 were Chinese Taipei ($12.5M), Belgium ($7.62M), and Italy ($2.21M).

Imports In 2022, Hong Kong imported $99.6M in Silicone, becoming the 26th largest importer of Silicone in the world. At the same year, Silicone was the 283rd most imported product in Hong Kong. Hong Kong imports Silicone primarily from: Japan ($29.3M), China ($22.5M), United States ($20.9M), South Korea ($9.55M), and Chinese Taipei ($6.03M).

The fastest growing import markets in Silicone for Hong Kong between 2021 and 2022 were Chinese Taipei ($1.54M), Sweden ($440k), and Philippines ($326k).

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)$48.9M
IMPORTS (2022)$99.6M
NET TRADE (2022)-$50.7M

In 2022, Hong Kong exported $48.9M in Silicone. The main destinations of Hong Kong exports on Silicone were Chinese Taipei ($12.5M), Belgium ($12M), Indonesia ($6.24M), Hungary ($3.97M), and China ($2.55M).

In 2022, Hong Kong imported $99.6M in Silicone, mainly from Japan ($29.3M), China ($22.5M), United States ($20.9M), South Korea ($9.55M), and Chinese Taipei ($6.03M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Silicone EXPORT MARKETS FOR Hong Kong WERE (2021 - 2022):
Chinese Taipei$12.5M (43.3k%)
Belgium$7.62M (175%)
Italy$2.21M (12.3k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Silicone BY Hong Kong WERE (2021 - 2022):
China-$1.21M (-32.1%)
Spain-$728k (-36.1%)
Iran-$594k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Hong Kong's main exporting competitors in Silicone were:
In 2022, Hong Kong's main importing competitors in Silicone were:

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Trade Value of Silicone by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $1.59M
TOP IMPORT POTENTIALChina+ $15M

Silicone’s highest export potential is India. With an export gap of $1.59M.   Silicone’s highest import potential is China with an import gap of $15M.

See methodology.

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