ReturnAccording to statistics from the Ministry of Commerce and Industry of India, the trade value of silk products in July was 306 million US dollars, dropping 6.73% from the previous month and 12.95% from the same period last year. Among them, the import value was 62.50 million US dollars, going up 3.1% month-on-month and 107.43% year-on-year; the export value was 244 million US dollars, falling 8.95% on a monthly basis and 24.22% from the year earlier. The specific product composition was as follows:
Import: The amount of silk filament was 28.80 million US dollars, rising 6.12% month-on-month and 201.89% YOY, with its quantity jumping 8.8% from the previous month and 208.06% from the year earlier to 572.63 tons; the amount of silk fabrics was 15.82 million US dollars, falling 14.35% and growing 44.21% from the previous month and year respectively; silk madeups amounted to 17.88 million US dollars, rising 19.12% from the previous month and 85.86% YOY.
Export: The amount of silk filament was 3.31 million US dollars, increasing 53.24% month-on-month and decreasing 42.13% YOY, with its quantity growing 56.67% month-on-month and falling 40.53% YOY to 285.35 tons; the amount of silk fabrics was 22.97 million US dollars, dropping 2.59% and 8.45% from the previous month and year respectively; silk madeups amounted to 218 million US dollars, dropping 10.13% month-on-month and 25.22% YOY.
2.Silk products trade from January to July
From January to July, the India's silk trade value totaled 2231 million US dollars, a year-on-year increase of 5.41%. Among them, the import value was 349 million US dollars, up 87.83% YOY; the export value was 1882 million US dollars, down by 2.52% YOY(the same below). Details were as follows:
Among the imported products, silk filament amounted to 139 million US dollars, surging 130.98%, with its quantity jumping 98.03% to 2560.75 tons; silk fabrics amounted to 117 million US dollars, with a rise of 75.02%; Silk madeups amounted to 93.78 million US dollars, up 58.39% .
The major sources of imports were China (181 million US dollars, up 111.55%, accounting for 51.8%), Vietnam (69.88 million US dollars, up 63.31%, accounting for 20%), Bangladesh (22.79 million US dollars, up 115.41%, accounting for 6.52%), Sri Lanka (16.38 million US dollars, up 45.86%, accounting for 4.69%), Hong Kong, China (9.71 million US dollars, up 24.81%, accounting for 2.78%). The total proportion of the 5 sources above was 85.79%.
Among the export products, silk filament amounted to 13.73 million US dollars, a year-on-year decrease of 33.38%, with the quantity falling 34.61% to 1397.96 tons; silk fabrics amounted to 151 million US dollars, up 15.03% YOY; silk madeups amounted to 1717 million US dollars, a decrease of 3.47% YOY.
The major export markets were the US (770 million US dollars, up 3.86%, accounting for 40.9%), U.A.E (138 million US dollars, down 54.58%, accounting for 7.34%), the UK (104 million US dollars, up 9.74%, accounting for 5.55%), Germany (87.58 million US dollars, up 24.74%, accounting for 4.65%), Sri Lanka (73.60 million US dollars, up 20.66%, accounting for 3.91%). The five markets above accounted for 62.35% of the total.
The original Chinese edition is from CCCT, translated and edited by Esilk. net.
