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2023
Destination $803k Italy
2022 - 2023
FASTEST GROWING MARKET $803kItaly
2023
PRODUCT COMPLEXITY IN Silk0.51Rnk 369 / 1025
2023
ImportsfalseWorld Rnk 8 / 195
Flag Rnk 96 / 96
2023
Origin $747k South Korea
2022 - 2023
FASTEST GROWING ORIGIN $747kFrance
2023
ECONOMIC COMPLEXITY of United States1.5Rnk 10 / 132

About

Exports In 2023, United States exported N/A in Silk, making it the 22nd largest exporter of Silk in the world. At the same year, Silk was the 96th most exported product in United States. The main destination of Silk exports from United States are: Italy ($938k), Costa Rica ($689k), India ($685k), Canada ($276k), and Hong Kong ($267k).

The fastest growing export markets for Silk of United States between 2022 and 2023 were Italy ($803k), India ($633k), and Hong Kong ($199k).

Imports In 2023, United States imported $59M in Silk, becoming the 8th largest importer of Silk in the world. At the same year, Silk was the 96th most imported product in United States. United States imports Silk primarily from: South Korea ($13.7M), China ($12.8M), Italy ($10.6M), India ($10.1M), and France ($2.89M).

The fastest growing import markets in Silk for United States between 2022 and 2023 were France ($747k), Switzerland ($425k), and Mexico ($270k).

COMPANIES In 2023, leading companies such as General Motors (13), Acuity Brands (10), and Amazon (5) were at the forefront of shipping Silk to the United States.

Latest Trends

November 2024

About

Overview In November 2024 United States' Silk exports accounted up to $210k and imports accounted up to $4.73M, resulting in a negative trade balance of $4.52M. Between November 2023 and November 2024 the exports of United States'   Silk have decreased by $-228k (-52.1%) from $438k to $210k, while imports increased by $390k (8.99%) from $4.34M to $4.73M.

Destinations In November 2024, Silk were exported mostly to Canada ($64.4k), Australia ($25.3k), China ($21.4k), Italy ($20.1k), and France ($19k), and were imported mostly from South Korea ($1.16M), Italy ($962k), China ($853k), India ($747k), and United Kingdom ($407k).

Growth In November 2024, the decrease in Silk's year-by-year exports was explained primarily by a decrease in exports to N/A. In November 2024, the increase in Silk's year-by-year imports was explained primarily by an increase in imports from Italy ($676k or 144%), France ($359k or 453%), and Mexico ($34k or 26.6%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)$-228k(-52.1%)
IMPORT GROWTH (November 2023 - November 2024)$390k(8.99%)
MAIN EXPORTER (November 2024)New York$343k
MAIN DESTINATION (November 2024)Canada$64.4k

This section shows Silk'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 over time.

For full datasets download visit Bulk Download page.

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Historical Data

Trade Balance

Color
IMPORTS (2023)$59M

In N/A, United States exported N/A in Silk. The main destinations of United States exports on Silk were Italy ($938k), Costa Rica ($689k), India ($685k), Canada ($276k), and Hong Kong ($267k).

In 2023, United States imported $59M in Silk, mainly from South Korea ($13.7M), China ($12.8M), Italy ($10.6M), India ($10.1M), and France ($2.89M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Silk EXPORT MARKETS FOR United States WERE (2022 - 2023):
Italy$803k (598%)
India$633k (1.21k%)
Hong Kong$199k (292%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Silk BY United States WERE (2022 - 2023):
United Kingdom-$293k (-54.8%)
Mexico-$166k (-48.3%)
Singapore-$157k (-72.8%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, United States's main exporting competitors in Silk were:
China $729M
Italy $269M
Vietnam $153M
In 2023, United States's main importing competitors in Silk were:
Italy $343M
India $220M
France $133M

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Trade Value of Silk by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALItaly+ $148k
TOP IMPORT POTENTIALChina+ $3.72M

Silk’s highest export potential is Italy. With an export gap of $148k.   Silk’s highest import potential is China with an import gap of $3.72M.

See methodology.

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