Silk in United States | The Observatory of Economic Complexity

About

Exports In 2022, United States exported $5.64M in Silk, making it the 19th 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: Canada ($786k), United Kingdom ($581k), Costa Rica ($547k), Mexico ($345k), and Ireland ($319k).

The fastest growing export markets for Silk of United States between 2021 and 2022 were Costa Rica ($418k), United Kingdom ($244k), and Ireland ($236k).

Imports In 2022, United States imported $72.8M 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: China ($18.7M), South Korea ($15.4M), India ($14.2M), Italy ($12.3M), and United Kingdom ($2.42M).

The fastest growing import markets in Silk for United States between 2021 and 2022 were South Korea ($5.64M), China ($5.63M), and Italy ($5.11M).

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

July 2024

About

Overview In July 2024 United States' Silk exports accounted up to $578k and imports accounted up to $4.5M, resulting in a negative trade balance of $3.92M. Between July 2023 and July 2024 the exports of United States' Silk have increased by $262k (82.9%) from $316k to $578k, while imports decreased by $-1.18M (-20.7%) from $5.68M to $4.5M.

Destinations In July 2024, Silk were exported mostly to France ($201k), Canada ($88.2k), Italy ($80.8k), Singapore ($39.6k), and Belgium ($28k), and were imported mostly from Italy ($996k), India ($984k), South Korea ($880k), China ($824k), and France ($153k).

Growth In July 2024, the increase in Silk's year-by-year exports was explained primarily by an increase in exports to Italy ($84.9k or 196%), Canada ($22.1k or 34%), and France ($17k or 532%). In July 2024, the decrease in Silk's year-by-year imports was explained primarily by a decrease in imports from China ($-810k or -43.5%), India ($-313k or -33.6%), and South Korea ($-267k or -22.9%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (July 2023 - July 2024)$262k(82.9%)

IMPORT GROWTH (July 2023 - July 2024)$-1.18M(-20.7%)

MAIN EXPORTER (July 2024)New York$343k

MAIN DESTINATION (July 2024)France$201k

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.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$5.64M

IMPORTS (2022)$72.8M

NET TRADE (2022)-$67.1M

In 2022, United States exported $5.64M in Silk. The main destinations of United States exports on Silk were Canada ($786k), United Kingdom ($581k), Costa Rica ($547k), Mexico ($345k), and Ireland ($319k).

In 2022, United States imported $72.8M in Silk, mainly from China ($18.7M), South Korea ($15.4M), India ($14.2M), Italy ($12.3M), and United Kingdom ($2.42M).

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