Return1. Silk products trade in May
According to statistics from the Ministry of Commerce and Industry of India, the trade value of silk products in May was 267 million US dollars, falling 5.17% from the previous month and 10.32% from the same period last year. Among them, the import value was 40.13 million US dollars, jumping 11.5% month-on-month and falling 21.07% year-on-year; the export value was 227 million US dollars, dropping 7.61% on a monthly basis and 8.11% from the year earlier. The specific product composition was as follows:
Import: The amount of silk filament was 15.01 million US dollars, growing 16.99% month-on-month and dropping 28.86% YOY, with its quantity growing 24.58% from the previous month and dropping 26.57% from the year earlier to 289.64 tons; the amount of silk fabrics was 13.1 million US dollars, increasing 16.96% and decreasing 31.74% from the previous month and year respectively; silk madeups amounted to 12.02 million US dollars, growing 0.5% from the previous month and 13.93% YOY.
Export: The amount of silk filament was 2.6 million US dollars, decreasing 16.4% month-on-month and increasing 103.13% YOY, with its quantity growing 3.9% month-on-month and 15.54% YOY to 236.79 tons; the amount of silk fabrics was 15.48 million US dollars, falling 3.37% and 24.3% from the previous month and year respectively; silk madeups amounted to 209 million US dollars, decreasing 7.79% month-on-month and 7.27% YOY.
2. Silk products trade from January to May
From January to May, the India's silk trade value totaled 1552 million US dollars, a year-on-year decrease of 2.64%. Among them, the import value was 200 million US dollars, down 11.43% YOY; the export value was 1352 million US dollars, down by 1.18% YOY(the same below). Details were as follows:
Among the imported products, silk filament amounted to 67.43 million US dollars, dropping 18.78%, with its quantity falling 13.46% to 1265.09 tons; silk fabrics amounted to 60.52 million US dollars, with a drop of 26.46%; Silk madeups amounted to 72.4 million US dollars, up 18.9% .
The major sources of imports were China (83.76 million US dollars, down 20.52%, accounting for 41.81%), Vietnam (47.41 million US dollars, down 3.78%, accounting for 23.66%), Bangladesh (21.93 million US dollars, up 46.01%, accounting for 10.95%), U.A.E (8.72 million US dollars, up 31.33%, accounting for 4.35%), Sri Lanka (8.13 million US dollars, down 30.81%, accounting for 4.06%). The total proportion of the 5 sources above was 84.83%.
Among the export products, silk filament amounted to 12.64 million US dollars, a year-on-year increase of 53.03%, with the quantity jumping 14.79% to 1068.09 tons; silk fabrics amounted to 79.42 million US dollars, down 24.27% YOY; silk madeups amounted to 1260 million US dollars, an increase of 0.39% YOY.
The major export markets were the US (582 million US dollars, up 0.72%, accounting for 43.06%), U.A.E (94.9 million US dollars, down 3.24%, accounting for 7.02%), the UK (83.19 million US dollars, up 10.51%, accounting for 6.15%), Germany (53.49 million US dollars, down 15.6%, accounting for 3.96%), Spain (49.6 million US dollars, up 2.06%, accounting for 3.67%). The five markets above accounted for 63.86% of the total.
The original Chinese edition is from CCCT, translated and edited by esilk. net.
