HS Code:
Organo-silicon compounds (HS Code: 2931) encompass a range of chemical compounds containing carbon-silicon bonds, widely used in industries such as electronics, automotive, construction, and healthcare. These compounds, including silanes, silicones, and siloxanes, are valued for their unique properties like heat resistance, flexibility, and chemical stability. They play a critical role in manufacturing sealants, adhesives, coatings, and semiconductor materials.
Total Trade Volume
USD 12.5 billion
Data from 2022
Source
United Nations Comtrade Database
USD 3.8 billion
30.4% of total trade of total trade
Increasing
USD 2.1 billion
16.8% of total trade of total trade
Stable
USD 1.9 billion
15.2% of total trade of total trade
Increasing
USD 1.3 billion
10.4% of total trade of total trade
Stable
USD 0.9 billion
7.2% of total trade of total trade
Increasing
Average Rate
5.2% ad valorem
Highest Rate
12% (imposed by certain developing countries)
Lowest Rate
0% (under free trade agreements like EU-Japan EPA)
Growing demand in electronics and semiconductors
Increased production and trade of organo-silicon compounds for chip manufacturing and electronic components, driven by 5G and IoT expansion.
2021-2023
Shift towards sustainable silicone alternatives
Rising R&D investments in bio-based organo-silicon compounds due to environmental concerns, influencing trade patterns and pricing.
2022-2023
Supply chain disruptions due to geopolitical tensions
Trade flows affected by export restrictions and raw material shortages, particularly in Asia-Pacific, leading to price volatility.
2020-2022
China introduced stricter export controls on certain organo-silicon raw materials citing national security, impacting global supply chains.
October 2023
Increased costs and delays for manufacturers in the US and Europe, prompting diversification of supply sources.
The European Union implemented stricter environmental standards for organo-silicon compound production under the Green Deal framework.
March 2023
Higher compliance costs for exporters to the EU, but also opportunities for sustainable product innovation.
The US granted temporary tariff waivers on certain organo-silicon compounds to support domestic semiconductor production.
June 2023
Boosted imports from allied countries like Japan and South Korea, stabilizing supply for tech industries.