Return1. Silk products trade in April
According to statistics from the Ministry of Commerce and Industry of India, the trade value of silk products in April was 282 million US dollars, falling 21.15% from the previous month and 11.16% from the same period last year. Among them, the import value was 35.99 million US dollars, going down 7.65% month-on-month and 26.98% year-on-year; the export value was 246 million US dollars, dropping 22.8% on a monthly basis and 8.24% from the year earlier. The specific product composition was as follows:
Import: The amount of silk filament was 12.83 million US dollars, falling 5.66% month-on-month and 40.85% YOY, with its quantity dropping 0.79% from the previous month and 36.25% from the year earlier to 232.49 tons; the amount of silk fabrics was 11.2 million US dollars, decreasing 3.11% and 25.58% from the previous month and year respectively; silk madeups amounted to 11.96 million US dollars, falling 13.4% from the previous month and 4.7% YOY.
Export: The amount of silk filament was 3.11 million US dollars, increasing 29.05% month-on-month and 8.36% YOY, with its quantity dropping 0.89% month-on-month and growing 1.31% YOY to 227.91 tons; the amount of silk fabrics was 16.02 million US dollars, falling 17.76% and 27.15% from the previous month and year respectively; silk madeups amounted to 227 million US dollars, decreasing 23.55% month-on-month and 6.73% YOY.
2. Silk products trade from January to April
From January to April, the India's silk trade value totaled 1285 million US dollars, a year-on-year decrease of 0.87%. Among them, the import value was 160 million US dollars, down 8.63% YOY; the export value was 1125 million US dollars, up by 0.34% YOY(the same below). Details were as follows:
Among the imported products, silk filament amounted to 52.42 million US dollars, dropping 15.34%, with its quantity falling 8.61% to 975.45 tons; silk fabrics amounted to 47.42 million US dollars, with a drop of 24.85%; Silk madeups amounted to 60.38 million US dollars, up 19.94% .
The major sources of imports were China (64.33 million US dollars, down 16.19%, accounting for 40.15%), Vietnam (37.32 million US dollars, down 6.91%, accounting for 23.29%), Bangladesh (18.76 million US dollars, up 46.11%, accounting for 11.71%), U.A.E (8.62 million US dollars, up 30.41%, accounting for 5.38%), Sri Lanka (6.94 million US dollars, down 18.74%, accounting for 4.33%). The total proportion of the 5 sources above was 84.86%.
Among the export products, silk filament amounted to 10.04 million US dollars, a year-on-year increase of 43.84%, with the quantity jumping 14.58% to 831.3 tons; silk fabrics amounted to 63.94 million US dollars, down 24.26% YOY; silk madeups amounted to 1051 million US dollars, an increase of 2.07% YOY.
The major export markets were the US (479 million US dollars, up 1.4%, accounting for 42.62%), U.A.E (78.27 million US dollars, up 1.03%, accounting for 6.96%), the UK (72.65 million US dollars, up 18.19%, accounting for 6.46%), Germany (44.33 million US dollars, down 15.22%, accounting for 3.94%), Spain (40.86 million US dollars, up 6.96%, accounting for 3.63%). The five markets above accounted for 63.61% of the total.
The original Chinese edition is from CCCT, translated and edited byesilk. net.
