HS Code:
The category 'Containing by weight less than 99.99 percent but not less than 99 percent of silicon' (likely corresponding to HS Code 2804.61) pertains to silicon materials with a high purity level, primarily used in the semiconductor industry, solar panel manufacturing, and other high-tech applications. This product is critical for producing electronic components, integrated circuits, and photovoltaic cells due to its specific chemical and physical properties.
Total Trade Volume
Approximately $5.2 billion USD
Data from 2022
Source
United Nations Comtrade Database and World Trade Organization (WTO) reports
$1.8 billion USD
34.6% of total trade of total trade
Increasing
$900 million USD
17.3% of total trade of total trade
Stable
$750 million USD
14.4% of total trade of total trade
Increasing
$600 million USD
11.5% of total trade of total trade
Stable
$450 million USD
8.7% of total trade of total trade
Increasing
Average Rate
5.5% ad valorem
Highest Rate
12% (applied by certain developing countries)
Lowest Rate
0% (under free trade agreements like USMCA and EU-Japan EPA)
Rising demand for solar energy solutions
Increased global trade volume due to higher demand for silicon in photovoltaic cells, especially in regions investing in renewable energy.
2021-2022
Growth in semiconductor industry
Sustained demand for high-purity silicon in electronics manufacturing, driven by advancements in AI, IoT, and 5G technologies.
2020-2022
Supply chain disruptions
Shortages and price volatility due to geopolitical tensions and pandemic-related production halts, affecting trade flows.
2020-2021
China implemented stricter export controls on high-purity silicon to prioritize domestic semiconductor production, impacting global supply chains.
October 2022
Increased prices and supply shortages in importing countries, prompting diversification of supply sources.
The European Union introduced incentives for domestic production of silicon for renewable energy applications under the Green Deal framework.
March 2022
Potential reduction in import dependency and increased intra-EU trade for silicon products.
The United States passed the CHIPS Act, providing subsidies for domestic semiconductor manufacturing, indirectly boosting demand for high-purity silicon.
August 2022
Expected rise in US imports of raw silicon materials in the short term, with long-term growth in domestic production.