ReturnChina, India, Brazil, Japan, Vietnam and the European Union (27 countries) (hereinafter referred to as the “5 countries and the EU”) are the most important players in the world's silk filament trade. According to GTF data, the total trade value of silk filament between the 5 countries and the EU in 2023 was 1.249 billion US dollars, a year-on-year decrease of 4.29%; The trade quantity was 30143.85 tons, down 2.69% year-on-year. Among them, the trade value of silk filament in the EU and Vietnam increased by 6.90% and 21.67% respectively, while the other four countries showed varying degrees of decline. In terms of the quantity, only Vietnam increased.
Exports: The export value of the five countries and the EU was 644 million US dollars, a year-on-year decrease of 5.71%; The export quantity was 14363.28 tons, a year-on-year increase of 0.38%. Among the main suppliers of silk filament, the export value of the EU and India increased significantly, and the export quantity of India and Vietnam grew greatly.
Imports: The import value of silk filament from the 5 countries and the EU was 605 million US dollars, a year-on-year decrease of 2.73%; The import quantity was 15780.32 tons, a year-on-year decrease of 5.32%. Among the major silk filament markets, Vietnam's import value and import quantity increased by more than 100%, while only the EU saw an increase in imports from other countries/regions (see Tables 1 and 2 for details).
Source from CCCT and translated by esilk.net
