Return1. Silk products trade situation in May
According to statistics from the Ministry of Commerce and Industry of India, the trade value of silk products in May was 264 million US dollars, falling 4.85% from the previous month and growing 104.07% from the same period last year. Among them, the import value was 18.19 million US dollars, decreasing 13.59% month-on-month and increasing 33.65% year-on-year; the export value was 246 million US dollars, with a drop of 4.14% on a monthly basis and an increase of 112.35% from the year earlier. The specific product composition was as follows:
Import: The amount of silk filament was 4.07 million US dollars, down by 26.93% month-on-month and 28.97% YOY, with whose quantity dropping 28.45% from the previous month and 31.13% from the year earlier to 89.98 tons; the amount of silk fabrics was 8.0 jumping 1.25% and 98.04% from the previous month and year respectively; The amount of silk madeups was 6.04 million US dollars, down by 19.47% from the previous month and up by 58.95% YOY.
Export: The amount of silk filament was 1.88 million US dollars, decreasing 12.15% month-on-month and increasing 27.89% YOY, with whose quantity falling 9.37% month-on-month and 1.82% YOY to 242.25 tons; the amount of silk fabrics was 19.44 million US dollars, up 7.28% and 157.14% from the previous month and year respectively; The amount of silk madeups was 224 million US dollars, a month-on-month drop of 4.94% and an increase of 110.34% YOY.
2. Silk products trade from January to May
From January to May, the trade value of Indian silk was 1.507 billion US dollars, a year-on-year increase of 42.23%. Among them, the import value was 131 million US dollars, up 5.34% YOY; the export value was 1.376 billion US dollars, up 47.12% YOY(the same below). Details were as follows:
The composition of imported products amounted to 42.64 million US dollars of silk filament, falling 16.11%, with whose quantity dropping 12.91% to 936.94 tons; silk fabrics amounted to 45.64 million US dollars, with a rise of 21.77%; silk madeups amounted to 42.25 million US dollars, up 18.68% .
The major sources of imports were China (61.23 million US dollars, down 3.68% , accounting for 46.91%), Vietnam (27.63 million US dollars, up 19.51%, accounting for 21.17%), Bangladesh (8.71 million US dollars, up 23.2% , accounting for 6.67%), Sri Lanka (7.97 million US dollars, up 68.5% , accounting for 6.11%), Hong Kong (5.8 million US dollars, down 40.7%, accounting for 4.44%). The total proportion of the 5 sources above was 85.3%.
The composition of export products amounted to 10.38 million US dollars of silk filament, a year-on-year increase of 77.44%, with whose quantity jumping 42.76% to 1205.71 tons; silk fabrics amounted to 84.47 million US dollars, up 49.88%; and silk madeups were 1.281 billion US dollars, an increase of 46.74% .
The major export markets were the United States (557 million US dollars, up 45.47%, accounting for 40.47%), the United Arab Emirates (169 million US dollars, up 101.81%, accounting for 12.3%), the United Kingdom (70.13 million US dollars, up 24.81%, accounting for 5.1%), Germany (55.16 million US dollars, up 30.8%, accounting for 4.01%), Sri Lanka (41.09 million US dollars, up 88.4% , accounting for 2.99%). The five markets above accounted for 64.87% of the total.
Table Directory:
Table 1: Statistics on India’s Import and Export Structure of Silk Products in Jan.-May 2021
Table 2: Statistics on India’s Major Import Sources of Silk Products in Jan.-May 2021
Table 3: Statistics on India’s Major Import Sources of Silk in Jan.-May 2021
Table 4: Statistics on India’s Major Import Sources of Silk Fabrics in Jan.-May 2021
Table 5: Statistics on India’s Major Import Sources of Silk Madeups in Jan.-May 2021
Table 6: Statistics on India’s Major Export Markets of Silk Products in Jan.-May 2021
Table 7: Statistics on India’s Major Export Markets of Silk Filament in Jan.-May 2021
Table 8: Statistics on India’s Major Export Markets of Silk Fabrics in Jan.-May 2021
Table 9: Statistics on India’s Major Export Markets of Silk Madeups in Jan.-May 2021
This article is originally from CCCT, translated and edited by esilk. net
