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1. Silk products trade situation in November

According to statistics from the United States Department of Commerce, the trade value of silk products in November was 310 million US dollars, dropping 3.67% from the previous month and 17.29% from the same period last year. Among them, the import value was 258 million US dollars, falling 6.42% month-on-month and 22.01% year-on-year; the export value was 52.2681 million US dollars, with an increase of 12.65% on a monthly basis and a rise of 17.91% from the year earlier. The specific product composition was as follows:

Import: The amount of silk filament was 321.1 thousand US dollars, down by 59.69% month-on-month and 47.62% YOY, with whose quantity dropping 54.72% from the previous month to 5.84 tons and falling 54.58% from the year earlier; the amount of silk fabrics was 17.3284 million US dollars, decreasing 18.66% and 5.94% from the previous month and year respectively; The amount of silk madeups was 240 million US dollars, down by 5.22% from the previous month and 22.9% YOY.

Export: The amount of silk filament was 125.8 thousand US dollars, a surge of 519.82% month-on-month and a rise of 53.11% YOY, with whose quantity soaring 1737.23% month-on-month to 5.03 tons and falling 68.94% YOY; the amount of silk fabrics was 16.0735 million US dollars, increasing 30.02% and 2.85% from the previous month and year respectively; The amount of silk madeups was 36.0688 million US dollars, up 6.04% month-on-month and 26.03% YOY.

2. Silk products trade from January to November

From January to November, the trade value of US’ silk totaled 3.483 billion US dollars, a year-on-year decrease of 26.31%. Among them, the import value was 3.07 billion US dollars, down 26.57% YOY; the export value was 413 million US dollars, down 24.31% YOY(the same below). Details were as follows:

The composition of imported products amounted to 6.7274 million US dollars of silk filament, dropping 15.46%, with whose quantity falling 19.37% to 145.71 tons; silk fabrics amounted to 186 million US dollars, with a drop of 22.07%; Silk madeups amounted to 2877 million US dollars, declining 26.87%.

The major sources of imports were China (1041 million US dollars, down 31.16% , accounting for 33.91%), Vietnam (209 million US dollars, up 2.47%, accounting for 6.8%), India (206 million US dollars, down 8.33% , accounting for 6.71%), Italy (171 million US dollars, down 33.09% , accounting for 5.58%), Mexico (141 million US dollars, down 24.13%, accounting for 4.6%). The total proportion of the 5 sources above was 57.6%.

The composition of export products amounted to 1.1402 million US dollars of silk filament, a year-on-year decrease of 36.66%, with whose quantity dropping 36.17% to 74.34 tons; silk fabrics amounted to 138 million US dollars, down 33.74%; and silk madeups were 274 million US dollars, a decrease of 18.38%.

The major export markets were Mexico (121 million US dollars, up 8.67%, accounting for 29.23%), Canada (85.93 million US dollars, down 22.18%, accounting for 20.8%), Honduras (30.5348 million US dollars, down 21.36%, accounting for 7.39%), Nicaragua (18.8039 million US dollars, down 16.77%, accounting for 4.55%), the United Kingdom (15.9663 million US dollars, down 41.81%, accounting for 3.87%). The five markets above accounted for 65.84% of the total.

Table Directory:

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

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

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

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

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

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

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

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

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

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