The United States leads in global exports of silicones, accounting for $22.15 billion, followed by China and Japan. In 2023, the U.S. saw a modest growth of 1.92%, while China grew by 3.28%. Emerging exporters like India saw substantial growth at 4.0%, while traditional exporters like Japan have slightly declined. Noteworthy annual variations include Slovakia's significant 11.09% rise and major increases in exports by countries like Pakistan and Belarus.
Future trends indicate a potential shift with Asian economies such as China, South Korea, and India expected to expand their influence in silicone exports, driven by increasing industrial and technological applications.
Top countries in Export of Silicones Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 22.15 | 2023 | +1.63% | +1.92% | View data |
| 2 | 2 China | 19.98 | 2023 | +5.34% | +3.28% | View data |
| 3 | 3 Japan | 12.71 | 2023 | +1.19% | -0.87% | View data |
| 4 | 4 Belgium | 10.25 | 2023 | +1.81% | +0.99% | View data |
| 5 | 5 United Kingdom | 9.2 | 2023 | +1.52% | +0.42% | View data |
| 6 | 6 South Korea | 5.47 | 2023 | +2.96% | +2.39% | View data |
| 7 | 7 Thailand | 4.42 | 2023 | +3.17% | +2.08% | View data |
| 8 | 8 Netherlands | 3.08 | 2023 | -3.8% | -4.15% | View data |
| 9 | 9 Italy | 1.8 | 2023 | +1.17% | +1.49% | View data |
| 10 | 10 Canada | 1.62 | 2023 | +3.64% | +3.91% | View data |
