2022
Exports
$8.63MWorld Rnk 30 / 157
Flag Rnk 677 / 1193
2022
PRODUCT COMPLEXITY IN Silicone
1.72Rnk 20 / 1025
2022
Imports
$349MWorld Rnk 9 / 215
Flag Rnk 233 / 1208
2022
ECONOMIC COMPLEXITY of Mexico
1.08Rnk 25 / 133

About

Exports In 2022, Mexico exported $8.63M in Silicone, making it the 30th largest exporter of Silicone in the world. At the same year, Silicone was the 677th most exported product in Mexico. The main destination of Silicone exports from Mexico are: United States ($2.3M), Guatemala ($1.3M), Honduras ($1.27M), Vietnam ($509k), and United Kingdom ($477k).

The fastest growing export markets for Silicone of Mexico between 2021 and 2022 were United Kingdom ($411k), Chile ($289k), and South Korea ($254k).

Imports In 2022, Mexico imported $349M in Silicone, becoming the 9th largest importer of Silicone in the world. At the same year, Silicone was the 233rd most imported product in Mexico. Mexico imports Silicone primarily from: United States ($226M), China ($45.7M), Germany ($30.7M), Thailand ($6.64M), and Japan ($6.56M).

The fastest growing import markets in Silicone for Mexico between 2021 and 2022 were United States ($48.1M), China ($23.6M), and Germany ($9.95M).

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)$8.63M
IMPORTS (2022)$349M
NET TRADE (2022)-$340M

In 2022, Mexico exported $8.63M in Silicone. The main destinations of Mexico exports on Silicone were United States ($2.3M), Guatemala ($1.3M), Honduras ($1.27M), Vietnam ($509k), and United Kingdom ($477k).

In 2022, Mexico imported $349M in Silicone, mainly from United States ($226M), China ($45.7M), Germany ($30.7M), Thailand ($6.64M), and Japan ($6.56M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Silicone EXPORT MARKETS FOR Mexico WERE (2021 - 2022):
United Kingdom$411k (628%)
Chile$289k (9.24k%)
South Korea$254k (3.09k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Silicone BY Mexico WERE (2021 - 2022):
China-$7.45M (-100%)
United States-$5.83M (-71.7%)
Spain-$311k (-95.2%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Mexico's main exporting competitors in Silicone were:
In 2022, Mexico'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+ $3.12M
TOP IMPORT POTENTIALChina+ $14.9M

Silicone’s highest export potential is United States. With an export gap of $3.12M.   Silicone’s highest import potential is China with an import gap of $14.9M.

See methodology.

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