I. Trade of silk commodities in May
According to the statistics of The Indian Ministry of Commerce and Industry, the trade volume of silk commodities in May was 264 million US dollars, down 4.85% month-on-month and up 104.07% year on year. Among them, the import value was 18.19 million US dollars, down 13.59% from the previous month and up 33.65% year on year. Exports were $246 million, down 4.14% from the previous month and up 112.35% year on year. The specific composition of commodities is as follows:
Import: the amount of silk was 4.07 million US dollars, down 26.93% from the previous month and 28.97% from the previous year. The quantity was 89.98 tons, down 28.45% from the previous month and 31.13% from the previous year. The amount of silk and satin was $8.08 million, with a sequential growth of 1.25% and a year-on-year growth of 98.04%; The amount of finished goods was $6.04 million, down 19.47% from the previous month and up 58.95% from the previous year.
Exports: the amount of silk was 1.88 million US dollars, down 12.15% from the previous month and up 27.89% from the previous year. The quantity was 242.25 tons, down 9.37% from the previous month and down 1.82% from the previous year. The amount of silk and satin was $194.4 million, with a sequential increase of 7.28% and a year-on-year increase of 157.14%; The amount of finished goods was $224 million, down 4.94% from the previous month and up 110.34% year on year.
Ii. Trade of silk commodities from January to May
From January to May, India's silk trade volume was $1.507 billion, up 42.23% year-on-year. Among them, the import value was 131 million US dollars, up 5.34% year on year; Exports amounted to $1.376 billion, up 47.12% year on year. The details are as follows:
The composition of imported goods is silk 42.64 million DOLLARS, down 16.11% year on year, the quantity of 936.94 tons, down 12.91% year on year; Silk and satins 45.64 million, up 21.77% year on year; Finished goods were $42.25 million, up 18.68% year on year.
The main sources of imports are China ($61.23 million, down 3.68% year-on-year, accounting for 46.91%), Vietnam ($27.63 million, up 19.51% year-on-year, accounting for 21.17%), Bangladesh ($8.71 million, up 23.2% year-on-year). Accounting for 6.67%), Sri Lanka ($7.97 million, up 68.5% year-on-year, accounting for 6.11%), Hong Kong ($5.8 million, down 40.7% year-on-year, accounting for 4.44%. The total proportion of the above five sources was 85.3%.
The composition of export commodities is silk 10.38 million DOLLARS, up 77.44% year on year, the quantity of 1,205.71 tons, up 42.76% year on year; Silk and satin 84.47 million, an increase of 49.88%; Finished goods reached us $1.281 billion, up 46.74% year on year.
The main export markets are the United States ($557 million, up 45.47% year-on-year, accounting for 40.47%), the United Arab Emirates ($169 million, up 101.81% year-on-year, accounting for 12.3%), the United Kingdom ($70.13 million, up 24.81% year-on-year, Accounting for 5.1%), Germany ($55.16 million, up 30.8% year-on-year, accounting for 4.01%), Sri Lanka ($41.09 million, up 88.4% year-on-year, accounting for 2.99%). The combined proportion of the above five markets is 64.87%.
