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2022
Exports $3.65MWorld Rnk 16 / 133
Flag Rnk 1131 / 1217
2022
Destination $257k Canada
2021 - 2022
FASTEST GROWING MARKET $257kIreland
2022
PRODUCT COMPLEXITY IN Silk Fabrics0.43Rnk 394 / 1025
2022
Imports $55.6MWorld Rnk 3 / 192
Flag Rnk 954 / 1216
2022
Origin $5.68M South Korea
2021 - 2022
FASTEST GROWING ORIGIN $5.68MSouth Korea
2022
ECONOMIC COMPLEXITY of United States1.47Rnk 10 / 133

About

Exports In 2022, United States exported $3.65M in Silk Fabrics, making it the 16th largest exporter of Silk Fabrics in the world. At the same year, Silk Fabrics was the 1131st most exported product in United States. The main destination of Silk Fabrics exports from United States are: Canada ($676k), United Kingdom ($326k), Ireland ($259k), Italy ($217k), and Colombia ($214k).

The fastest growing export markets for Silk Fabrics of United States between 2021 and 2022 were Ireland ($257k), France ($158k), and Colombia ($142k).

Imports In 2022, United States imported $55.6M in Silk Fabrics, becoming the 3rd largest importer of Silk Fabrics in the world. At the same year, Silk Fabrics was the 954th most imported product in United States. United States imports Silk Fabrics primarily from: South Korea ($15.4M), India ($13.2M), Italy ($10.3M), China ($9.98M), and United Kingdom ($2.22M).

The fastest growing import markets in Silk Fabrics for United States between 2021 and 2022 were South Korea ($5.68M), Italy ($4.02M), and China ($3.63M).

COMPANIES In 2023, leading companies such as CrimsonLogic (5), Gap (4), and Amazon (2) were at the forefront of shipping Silk Fabrics to the United States.

Latest Trends

June 2024

About

Overview In June 2024 United States' Silk Fabrics exports accounted up to $228k and imports accounted up to $3.21M, resulting in a negative trade balance of $2.99M. Between June 2023 and June 2024 the exports of United States'   Silk Fabrics have decreased by $-10.7k (-4.46%) from $239k to $228k, while imports decreased by $-224k (-6.51%) from $3.44M to $3.21M.

Destinations In June 2024, Silk Fabrics were exported mostly to Canada ($56.5k), Barbados ($32.6k), Greece ($28.6k), Hong Kong ($23.1k), and Italy ($21.4k), and were imported mostly from Italy ($912k), South Korea ($903k), India ($554k), China ($462k), and United Kingdom ($209k).

Growth In June 2024, the decrease in Silk Fabrics's year-by-year exports was explained primarily by a decrease in exports to Colombia ($-11.4k or -27.1%) and United Kingdom ($-8.36k or -35.8%). In June 2024, the decrease in Silk Fabrics's year-by-year imports was explained primarily by a decrease in imports from China ($-430k or -39%), India ($-350k or -39%), and South Korea ($-265k or -22.8%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)$-10.7k(-4.46%)
IMPORT GROWTH (June 2023 - June 2024)$-224k(-6.51%)
MAIN EXPORTER (June 2024)New York$144k
MAIN DESTINATION (June 2024)Canada$56.5k

This section shows Silk Fabrics's exports and imports data at subnational level for United States. 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 Fabrics over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$3.65M
IMPORTS (2022)$55.6M
NET TRADE (2022)-$51.9M

In 2022, United States exported $3.65M in Silk Fabrics. The main destinations of United States exports on Silk Fabrics were Canada ($676k), United Kingdom ($326k), Ireland ($259k), Italy ($217k), and Colombia ($214k).

In 2022, United States imported $55.6M in Silk Fabrics, mainly from South Korea ($15.4M), India ($13.2M), Italy ($10.3M), China ($9.98M), and United Kingdom ($2.22M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Silk Fabrics EXPORT MARKETS FOR United States WERE (2021 - 2022):
Ireland$257k (12.2k%)
France$158k (364%)
Colombia$142k (198%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Silk Fabrics BY United States WERE (2021 - 2022):
India-$1.55M (-95.4%)
Italy-$179k (-45.1%)
Uruguay-$132k (-92.8%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, United States's main exporting competitors in Silk Fabrics were:
China $435M
Italy $198M
India $59.9M
In 2022, United States's main importing competitors in Silk Fabrics were:
Italy $142M
France $82.6M

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Trade Value of Silk Fabrics by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALItaly+ $133k
TOP IMPORT POTENTIALChina+ $4.48M

Silk Fabrics’s highest export potential is Italy. With an export gap of $133k.   Silk Fabrics’s highest import potential is China with an import gap of $4.48M.

See methodology.

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