Brief analysis of China’s exports of silicones in primary forms in November 2023

China's exports of silicones in primary forms were 36,600 mt in November, up 5% MoM and 41.86% YoY, bringing up total exports in the first eleven months of 2023 to 375,500 mt, down 11.58% YoY. Among them, most exports in November still flowed into South Korea, which was 6,100 mt, down 23.75% MoM.

The top five export destination countries in November were South Korea, India, Russia, Vietnam and the US, with combined exports making up 49.94% of China’s total exports. Compared with October, the top five countries remained unchanged, but some rankings shifted. With the end of traditional festivals, overseas demand began to decrease. For example, exports to the US dropped to fifth place.

In November, exports to South Korea, India and Russia were 6,100 mt (16.90%), 4,600 mt (12.79%) and 2,500 mt (6.82%) respectively, down 23.74% MoM, down 9.8% MoM and up 8.7% MoM; those to Vietnam hiked to 2,400 mt, accounting for 6.77% of China’s total exports; and those to the US were 2,400 mt, accounting for 6.66% of the total exports, which was basically stable compared with October.