India-Silk Commodity Import and Export Situation

1. Silk merchandise trade in May

According to statistics from the Indian Ministry of Commerce and Industry, the silk merchandise trade volume in May was US$323 million, a month-on-month increase of 3.18%, and a year-on-year decrease of 9.15%. Among them, the import value was US$44.5629 million, a month-on-month increase of 35.61%, and a year-on-year increase of 34.71%; the export value was 278 million US dollars, a month-on-month decrease of 0.63%, a year-on-year decrease of 13.65%. The specific commodity composition is as follows:

Imports: The amount of silk was 10.4048 million US dollars, a decrease of 5.4% from the previous month and a decrease of 26.02% from the same period last year. The quantity was 192.77 tons, an increase of 2.64% from the previous month and a decrease of 38.46% from the same period last year; the amount of silk and satin was 24.0473 million US dollars. US dollars, a month-on-month increase of 59.45%, a year-on-year increase of 94.82%; the amount of finished products was US$10.1109 million, a month-on-month increase of 49.1%, a year-on-year increase of 51.51%.

Exports: Silk value was US$1.8326 million, a month-on-month decrease of 7.12%, a year-on-year increase of 33.85%, and the quantity was 189.93 tons, a month-on-month decrease of 6.87%, a year-on-year increase of 2.38%; satin value was 14.575 million US dollars, a month-on-month increase of 6.41% , a year-on-year increase of 13.35%; the amount of finished products was US$262 million, a month-on-month decrease of 0.94%, and a year-on-year decrease of 14.99%.

2. Silk commodity trade situation from January to May

From January to May, India’s silk trade volume was US$1.565 billion, a year-on-year decrease of 16.21%. Among them, the import value was US$212 million, a year-on-year increase of 22.58%; the export value was US$1.353 billion, a year-on-year decrease of 20.18%. The specific situation is as follows:

The imported goods were composed of silk products of US$65.2212 million, a year-on-year decrease of 18.06%, and the quantity was 1158.61 tons, a year-on-year decrease of 35.32%; satins were 98.5492 million US dollars, a year-on-year increase of 59.29%; finished products were US$48.2776 million, a year-on-year increase. 53.17%.

The main sources of imports are China (amount of US$139 million, a year-on-year increase of 23.47%, accounting for 65.44%), Vietnam (amount of US$28.0683 million, a year-on-year increase of 90.95%, accounting for 13.24%), Sri Lanka (amount of 9.1971 million) US dollars, down 20.23% year-on-year, accounting for 4.34%), Bangladesh (amount of US$5.9337 million, a year-on-year increase of 178.3%, accounting for 2.8%), Hong Kong (amount of US$5.6076 million, a year-on-year decrease of 21.47%, accounting for 2.64%. Above The total proportion of the five origins was 88.46%.

The export commodities consisted of silk products of 9.2698 million US dollars, a year-on-year increase of 55.93%, quantity 971.64 tons, a year-on-year increase of 34.17%; silk and satin 68.831 million US dollars, a year-on-year increase of 14.98%; finished products The main export markets are the United States (amount of US$491 million, a year-on-year increase of 6.47%, accounting for 36.31%) and the United Arab Emirates (amount of US$180 million, a year-on-year decrease of 63.36%, accounting for 36.31%). 13.29%), Germany (amount of US$80.343 million, a year-on-year decrease of 24.48%, accounting for 5.94%), the United Kingdom (amount of US$77.7556 million, a year-on-year increase of 12.6%, accounting for 5.75%), Spain (amount of US$50.9901 million, a year-on-year decrease of 14.41%) %, accounting for 3.77%). The total proportion of the above five markets is 65.06%.

　(Source: China Chamber of Commerce for Import and Export of Textiles)

Original title: India’s import and export of silk commodities from January to May 2018
Reviewed by: Luo Jianguo AAAGHRTYJYITLUY

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