Silicone in Belgium | The Observatory of Economic Complexity

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Exports In 2022, Belgium exported $315M in Silicone, making it the 10th largest exporter of Silicone in the world. At the same year, Silicone was the 213th most exported product in Belgium. The main destination of Silicone exports from Belgium are: Netherlands ($32.2M), Germany ($30.6M), United States ($29.2M), United Kingdom ($28.6M), and China ($15.4M).

The fastest growing export markets for Silicone of Belgium between 2021 and 2022 were United States ($9.25M), Netherlands ($7.51M), and Latvia ($7.26M).

Imports In 2022, Belgium imported $540M in Silicone, becoming the 5th largest importer of Silicone in the world. At the same year, Silicone was the 173rd most imported product in Belgium. Belgium imports Silicone primarily from: United Kingdom ($243M), United States ($101M), Germany ($76.1M), China ($45.9M), and Netherlands ($25.2M).

The fastest growing import markets in Silicone for Belgium between 2021 and 2022 were United Kingdom ($95.4M), United States ($12.8M), and China ($9.8M).

COMPANIES In 2023, leading companies such as were at the forefront of shipping Silicone from Belgium to the United States.

Latest Trends

December 2023

About

Overview In December 2023 Belgium's Silicone exports accounted up to €16M and imports accounted up to €8.59M, resulting in a positive trade balance of €7.37M. Between December 2022 and December 2023 the exports of Belgium's Silicone have decreased by €-1.59M (-9.06%) from €17.6M to €16M, while imports increased by €384k (4.68%) from €8.21M to €8.59M.

Destinations In December 2023, Silicone were exported mostly to United Kingdom (€1.69M), Netherlands (€1.62M), Germany (€1.61M), China (€1.53M), and United States (€1.29M), and were imported mostly from Germany (€2.7M), Netherlands (€1.37M), United Kingdom (€1.3M), United States (€916k), and China (€682k).

Growth In December 2023, the decrease in Silicone's year-by-year exports was explained primarily by a decrease in exports to Slovenia (€-493k or -97.6%), Netherlands (€-296k or -13.6%), and Russia (€-198k or -41.1%). In December 2023, the increase in Silicone's year-by-year imports was explained primarily by an increase in imports from Italy (€1.06M or 123%), United States (€270k or 51.7%), and Poland (€80.2k or 56.1k%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (December 2022 - December 2023)€-1.59M(-9.06%)

IMPORT GROWTH (December 2022 - December 2023)€384k(4.68%)

MAIN DESTINATION (December 2023)United Kingdom€1.69M

This section shows Silicone's exports and imports data at subnational level for Belgium. 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)$315M

IMPORTS (2022)$540M

NET TRADE (2022)-$225M

In 2022, Belgium exported $315M in Silicone. The main destinations of Belgium exports on Silicone were Netherlands ($32.2M), Germany ($30.6M), United States ($29.2M), United Kingdom ($28.6M), and China ($15.4M).

In 2022, Belgium imported $540M in Silicone, mainly from United Kingdom ($243M), United States ($101M), Germany ($76.1M), China ($45.9M), and Netherlands ($25.2M).

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