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1. Silk products trade situation in October

According to statistics from the United States Department of Commerce, the trade value of silk products in October was 322 million US dollars, rising 5.5% from the previous month and dropping 13.54% from the same period last year. Among them, the import value was 276 million US dollars, increasing 4.95% month-on-month and decreasing 15.19% year-on-year; the export value was 46.3969 million US dollars, with an increase of 8.89% on a monthly basis and a decline of 2.19% from the year earlier. The specific product composition was as follows:

Import: The amount of silk filament was 796.5 thousand US dollars, up by 59.73% month-on-month and down by 10.66% YOY, with whose quantity surging 45.16% from the previous month to 12.9 tons and rising 4.72% from the year earlier; the amount of silk fabrics was 21.3041 million US dollars, increasing 7.93% and decreasing 0.13% from the previous month and year respectively; The amount of silk madeups was 254 million US dollars, up by 4.6% from the previous month and down by 16.27% YOY.

Export: The amount of silk filament was 20.3 thousand US dollars, a decrease of 65.96% month-on-month and a decline of 83.55% YOY, with whose quantity plunging 98.9% month-on-month to 0.27 tons and 98.68% YOY; the amount of silk fabrics was 12.3625 million US dollars, increasing 4.57% and decreasing 28.29% from the previous month and year respectively; The amount of silk madeups was 34.0141 million US dollars, up 10.7% month-on-month and 13.11% YOY.

2. Silk products trade from January to October

From January to October, the trade value of US’ silk totaled 3.172 billion US dollars, a year-on-year decrease of 27.09%. Among them, the import value was 2.812 billion

US dollars, down 26.96% YOY; the export value was 361 million US dollars, down 28.05% YOY(the same below). Details were as follows:

The composition of imported products amounted to 6.4064 million US dollars of silk filament, dropping 12.77%, with whose quantity falling 16.67% to 139.87 tons; silk fabrics amounted to 169 million US dollars, with a drop of 23.42%; Silk madeups amounted to 2637 million US dollars, declining 27.21% .

The major sources of imports were China (942 million US dollars, down 31.83% , accounting for 33.49%), Vietnam (202 million US dollars, up 5.06%, accounting for 7.18%), India (191 million US dollars, down 7.72% , accounting for 6.78%), Italy (153 million US dollars, down 33.96% , accounting for 5.43%), Mexico (130 million US dollars, down 23.82%, accounting for 4.62%). The total proportion of the 5 sources above was 57.5%.

The composition of export products amounted to 1.0144 million US dollars of silk filament, a year-on-year decrease of 40.95%, with whose quantity dropping 30.87% to 69.3 tons; silk fabrics amounted to 122 million US dollars, down 36.7%; and silk madeups were 238 million US dollars, a decrease of 22.52% .

The major export markets were Mexico (101 million US dollars, down 2.15%, accounting for 28.03%), Canada (79.0085 million US dollars, down 23.31%, accounting for 21.9%), Honduras (25.7889 million US dollars, down 26.1%, accounting for 7.15%), Nicaragua (17.3262 million US dollars, down 15.57%, accounting for 4.8%), the United Kingdom (14.1092 million US dollars, down 40.73%, accounting for 3.91%). The five markets above accounted for 65.79% of the total.

Table Directory:

Table 1: Statistics on US' Import and Export Structure of Silk Products in Jan.-Oct. 2020

Table 2: Statistics on US' Major Import Sources of Silk Products in Jan.-Oct. 2020

Table 3: Statistics on US' Major Import Sources of Silk Filament in Jan.-Oct. 2020

Table 4: Statistics on US' Major Import Sources of Silk Fabrics in Jan.-Oct. 2020

Table 5: Statistics on US' Major Import Sources of Silk Madeups in Jan.-Oct. 2020

Table 6: Statistics on US' Major Export Markets of Silk Products in Jan.-Oct. 2020

Table 7: Statistics on US' Major Export Markets of Silk Filament in Jan.-Oct. 2020

Table 8: Statistics on US' Major Export Markets of Silk Fabrics in Jan.-Oct. 2020

Table 9: Statistics on US' Major Export Markets of Silk Madeups in Jan.-Oct. 2020

This article is from CCCT, translated and edited by esilk. net