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2022
Exports $914MWorld Rnk 1 / 138
Flag Rnk 86 / 96
2022
Destination $104M Italy
2021 - 2022
FASTEST GROWING MARKET $104MIndia
2022
PRODUCT COMPLEXITY IN Silk0.43Rnk 394 / 1025
2022
Imports $90.7MWorld Rnk 6 / 196
Flag Rnk 91 / 96
2022
Origin $8.43M Uzbekistan
2021 - 2022
FASTEST GROWING ORIGIN $8.43MNorth Korea
2022
ECONOMIC COMPLEXITY of China1.12Rnk 22 / 133

About

Exports In 2022, China exported $914M in Silk, making it the 1st largest exporter of Silk in the world. At the same year, Silk was the 86th most exported product in China. The main destination of Silk exports from China are: Italy ($191M), India ($176M), Japan ($60.7M), Pakistan ($60M), and Vietnam ($53.6M).

The fastest growing export markets for Silk of China between 2021 and 2022 were India ($104M), Italy ($56.3M), and Romania ($39.5M).

Imports In 2022, China imported $90.7M in Silk, becoming the 6th largest importer of Silk in the world. At the same year, Silk was the 91st most imported product in China. China imports Silk primarily from: Uzbekistan ($26.2M), India ($18.2M), North Korea ($12.2M), Burma ($8.43M), and Italy ($7.43M).

The fastest growing import markets in Silk for China between 2021 and 2022 were North Korea ($8.43M), Burma ($8.28M), and United Arab Emirates ($991k).

COMPANIES In 2023, leading companies such as CrimsonLogic (5), TE Connectivity (1), and Home Dynamix (1) were at the forefront of shipping Silk from China to the United States.

Latest Trends

July 2024

About

Overview In July 2024 China's Silk exports accounted up to $64.2M and imports accounted up to $5.87M, resulting in a positive trade balance of $58.3M. Between July 2023 and July 2024 the exports of China's   Silk have decreased by $-12.9M (-16.7%) from $77.1M to $64.2M, while imports increased by $1.4M (31.2%) from $4.48M to $5.87M.

Destinations In July 2024, Silk were exported mostly to Italy ($16.5M), India ($6.93M), Romania ($6.92M), Japan ($3.54M), and Vietnam ($3.07M), and were imported mostly from India ($3.1M), Italy ($722k), Burma ($533k), North Korea ($352k), and Uzbekistan ($342k).

Growth In July 2024, the decrease in Silk's year-by-year exports was explained primarily by a decrease in exports to Pakistan ($-4.93M or -39.5%), Afghanistan ($-2.17M or -63%), and Hong Kong ($-1.86M or -68.1%). In July 2024, the increase in Silk's year-by-year imports was explained primarily by an increase in imports from Uzbekistan ($428k or 84.7%), India ($182k or 17.6%), and Vietnam ($178k or 107%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$-12.9M(-16.7%)
IMPORT GROWTH (July 2023 - July 2024)$1.4M(31.2%)
MAIN EXPORTER (July 2024)Zhejiang Province$24.1M
MAIN DESTINATION (July 2024)Italy$16.5M

This section shows Silk's exports and imports data at subnational level for China. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Silk over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$914M
IMPORTS (2022)$90.7M
NET TRADE (2022)$823M

In 2022, China exported $914M in Silk. The main destinations of China exports on Silk were Italy ($191M), India ($176M), Japan ($60.7M), Pakistan ($60M), and Vietnam ($53.6M).

In 2022, China imported $90.7M in Silk, mainly from Uzbekistan ($26.2M), India ($18.2M), North Korea ($12.2M), Burma ($8.43M), and Italy ($7.43M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Silk EXPORT MARKETS FOR China WERE (2021 - 2022):
India$104M (145%)
Italy$56.3M (41.7%)
Romania$39.5M (281%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Silk BY China WERE (2021 - 2022):
Hong Kong-$20.8M (-46%)
Sri Lanka-$14.5M (-47.7%)
Madagascar-$5.36M (-76.5%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, China's main exporting competitors in Silk were:
Italy $264M
Vietnam $148M
In 2022, China's main importing competitors in Silk were:
Italy $323M
India $305M
France $112M

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Trade Value of Silk by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $16.2M
TOP IMPORT POTENTIALIndia+ $1.26M

Silk’s highest export potential is India. With an export gap of $16.2M.   Silk’s highest import potential is India with an import gap of $1.26M.

See methodology.

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