2022
Exports
$112MWorld Rnk 14 / 157
Flag Rnk 406 / 1212
2022
PRODUCT COMPLEXITY IN Silicone
1.72Rnk 20 / 1025
2022
Imports
$411MWorld Rnk 8 / 215
Flag Rnk 202 / 1206
2022
ECONOMIC COMPLEXITY of India
0.64Rnk 40 / 133

About

Exports In 2022, India exported $112M in Silicone, making it the 14th largest exporter of Silicone in the world. At the same year, Silicone was the 406th most exported product in India. The main destination of Silicone exports from India are: Bangladesh ($16.8M), United States ($16.5M), Indonesia ($12.6M), Thailand ($6.85M), and Philippines ($6.74M).

The fastest growing export markets for Silicone of India between 2021 and 2022 were Indonesia ($8.23M), United States ($4.79M), and Philippines ($4.57M).

Imports In 2022, India imported $411M in Silicone, becoming the 8th largest importer of Silicone in the world. At the same year, Silicone was the 202nd most imported product in India. India imports Silicone primarily from: China ($165M), Germany ($100M), United States ($34.6M), Thailand ($24.7M), and South Korea ($18.2M).

The fastest growing import markets in Silicone for India between 2021 and 2022 were China ($59.8M), Germany ($23M), and Thailand ($12.5M).

COMPANIES In 2023, leading companies such as Polyplex (85) were at the forefront of shipping Silicone from India 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)$112M
IMPORTS (2022)$411M
NET TRADE (2022)-$299M

In 2022, India exported $112M in Silicone. The main destinations of India exports on Silicone were Bangladesh ($16.8M), United States ($16.5M), Indonesia ($12.6M), Thailand ($6.85M), and Philippines ($6.74M).

In 2022, India imported $411M in Silicone, mainly from China ($165M), Germany ($100M), United States ($34.6M), Thailand ($24.7M), and South Korea ($18.2M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Silicone EXPORT MARKETS FOR India WERE (2021 - 2022):
Indonesia$8.23M (189%)
United States$4.79M (40.8%)
Philippines$4.57M (210%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Silicone BY India WERE (2021 - 2022):
China-$688k (-29.2%)
United Kingdom-$552k (-74.2%)
Sri Lanka-$248k (-9.65%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, India's main exporting competitors in Silicone were:
In 2022, India'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 POTENTIALUnited States+ $12.5M
TOP IMPORT POTENTIALChina+ $81.8M

Silicone’s highest export potential is United States. With an export gap of $12.5M.   Silicone’s highest import potential is China with an import gap of $81.8M.

See methodology.

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