Silicone in Japan | The Observatory of Economic Complexity

About

Exports In 2022, Japan exported $1.01B in Silicone, making it the 4th largest exporter of Silicone in the world. At the same year, Silicone was the 124th most exported product in Japan. The main destination of Silicone exports from Japan are: China ($208M), United States ($192M), South Korea ($85.2M), Netherlands ($78.2M), and Thailand ($76.3M).

The fastest growing export markets for Silicone of Japan between 2021 and 2022 were United States ($53.5M), Thailand ($26.5M), and Singapore ($26.4M).

Imports In 2022, Japan imported $220M in Silicone, becoming the 16th largest importer of Silicone in the world. At the same year, Silicone was the 378th most imported product in Japan. Japan imports Silicone primarily from: United States ($62.1M), China ($54.2M), Germany ($52.9M), South Korea ($21.6M), and Thailand ($7.57M).

The fastest growing import markets in Silicone for Japan between 2021 and 2022 were China ($12.1M), United States ($8.86M), and Germany ($7.59M).

COMPANIES In 2023, leading companies such as Xerox (5) were at the forefront of shipping Silicone from Japan to the United States.

Latest Trends

August 2024

About

Overview In August 2024 Japan's Silicone exports accounted up to ¥8.5B and imports accounted up to ¥2.25B, resulting in a positive trade balance of ¥6.25B. Between August 2023 and August 2024 the exports of Japan's Silicone have increased by ¥840M (11%) from ¥7.66B to ¥8.5B, while imports decreased by ¥-4.44M (-0.2%) from ¥2.26B to ¥2.25B.

Destinations In August 2024, Silicone were exported mostly to China (¥2B), United States (¥1.29B), South Korea (¥684M), Thailand (¥668M), and Netherlands (¥611M), and were imported mostly from United States (¥711M), China (¥523M), Germany (¥484M), Thailand (¥177M), and South Korea (¥120M).

Growth In August 2024, the increase in Silicone's year-by-year exports was explained primarily by an increase in exports to Netherlands (¥156M or 24%), Brazil (¥61.8M or 301%), and Thailand (¥59.6M or 11.6%). In August 2024, the decrease in Silicone's year-by-year imports was explained primarily by a decrease in imports from Germany (¥-96.3M or -16.9%), South Korea (¥-82.2M or -36.6%), and Netherlands (¥-10.2M or -82.1%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (August 2023 - August 2024)¥840M(11%)

IMPORT GROWTH (August 2023 - August 2024)¥-4.44M(-0.2%)

MAIN EXPORTER (August 2024)Tokyo¥4.81B

MAIN DESTINATION (August 2024)China¥2B

This section shows Silicone's exports and imports data at subnational level for Japan. 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

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$1.01B

IMPORTS (2022)$220M

NET TRADE (2022)$792M

In 2022, Japan exported $1.01B in Silicone. The main destinations of Japan exports on Silicone were China ($208M), United States ($192M), South Korea ($85.2M), Netherlands ($78.2M), and Thailand ($76.3M).

In 2022, Japan imported $220M in Silicone, mainly from United States ($62.1M), China ($54.2M), Germany ($52.9M), South Korea ($21.6M), and Thailand ($7.57M).

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