Return1. US silk product imports from China in February
According to the statistics of the U.S. Department of Commerce, the import value of silk products from China in February was 164 million US dollars, up 49.16% year on year, and down 5.75% month on month, accounting for 35.97% of the global imports, a slight drop from last month.
The details were as follows:
Silk filament: imported from China amounted to 282.8 thousand US dollars, down 49.15% and 62.81% from the previous year and month respectively, accounting for 23.91% of the market share, ranking first in the sources of imports with much smaller share than last month. The import quantity was 7.55 tons, dropping 60.18% and 28.12% from the previous year and month respectively, with the market share of 9.86%.
Silk fabrics: imported from China amounted to 5.0599 million US dollars, up 17.57% and down 18.82% from the previous year and month respectively, with a market share of 24.4%, ranking second in the sources of imports after Korea.
Silk madeups: imported from China amounted to 159 million US dollars, up 50.97% and down 5.04% from the previous year and month respectively, accounting for 36.55% of its market share.
2. US silk product imports from China in Jan.- Feb.
From January to February, the U.S. imported 338 million US dollars of silk products from China, up 49.09% year on year, accounting for 38.25% of its global imports. Among them:
Silk filament: imported from China amounted to 1.0433 million US dollars, up 49.13% year on year, with a market share of 46.10%, ranking first in the import sources of silk filament. The import quantity was 18.06 tons, a decrease of 25.03% from the previous year with a marked share of 19.69%.
Silk fabrics: imported from China amounted to 11.2925 million US dollars, up 21.26% from a year ago, with a marked share of 26.67%, ranking second in the import sources of silk fabrics.
Silk madeups: imported from China amounted to 326 million US dollars, up 50.29% from a year ago, with a marked share of 38.82%, ranking first in import sources of silk madeups.
3. U.S. import situation of silk products with 10% imposed tariff from China
Since 2018, the U.S. has imposed a 10% import tariff on 25 Chinese silk products classified in 8-digit HS codes, including 1 cocoon, 7 silk filaments (containing 8 10-digit HS codes), and 17 silk fabrics (containing 37 10-digit HS codes).
3.1 U.S. import situation of silk products with imposed tariff from China in February
U.S. imported 0.8787 million U.S. dollars of silk products with 10% imposed tariff from China in February, down 31.72% and 58.56% from the previous year and month respectively, accounting for 15.03% of the marked share, a marked decrease from the previous month.
The details were as follows:
Cocoon: zero imports from China.
Silk filament: imported from China amounted to 282.8 thousand US dollars, down 49.15% and 62.81% from the previous year and month respectively, accounting for 23.91% of the market share, ranking first in the sources of imports with a markedly lower share compared to the previous month. The import quantity was 7.55 tons, down 60.18% and 28.12% from the previous year and month respectively, with a market share of 9.86%.
Silk fabrics: imported from China amounted to 581.9 thousand US dollars, down 18.06% and 57.20% from the previous year and month respectively, accounting for 12.73% of the marked share. The quantity was 59.6 thousand square meters, a drop of 32.86% from a year ago.
3.2 U.S. import situation of silk products with imposed tariff from China in Jan.-Feb.
From January to February, U.S. imported 2.9850 million U.S. dollars of silk products with 10% imposed tariff from China, a year-on-year increase of 59.24%, with a market share of 24.99%, ranking first in import sources.
Among them:
Cocoon: zero imports from China.
Silk filament: imported from China amounted to 1.0433 million US dollars, an increase of 49.13% year on year, a market share of 46.10%, ranking first in the import sources of silk filament. The quantity was 18.06 tons, a decrease of 25.03% YOY, and a market share of 19.69%.
Silk fabrics: imported from China amounted to 1.9417 million US dollars, an increase of 65.26% year on year, and its market share was 20.06%, ranking second in the import sources. The quantity was 0.1886 million square meters, jumping 16.08% from a year before.
The original Chinese edition of this article is from CCCT, translated and edited by esilk. net.
