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

June 2024

About

Overview In June 2024 United States' Silk exports accounted up to $303k and imports accounted up to $6.31M, resulting in a negative trade balance of $6.01M. Between June 2023 and June 2024 the exports of United States' Silk have decreased by $-153k (-33.6%) from $457k to $303k, while imports increased by $1.23M (24.3%) from $5.08M to $6.31M.

Destinations In June 2024, Silk were exported mostly to Canada ($94.4k), Barbados ($32.6k), Greece ($28.6k), Hong Kong ($23.1k), and Belgium ($22.4k), and were imported mostly from China ($3.02M), Italy ($1.04M), South Korea ($903k), India ($662k), and United Kingdom ($225k).

Growth In June 2024, the decrease in Silk's year-by-year exports was explained primarily by a decrease in exports to United Kingdom ($-13.3k or -46.9%) and Colombia ($-11.4k or -27.1%). In June 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

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (June 2023 - June 2024)$-153k(-33.6%)

IMPORT GROWTH (June 2023 - June 2024)$1.23M(24.3%)

MAIN EXPORTER (June 2024)New York$152k

MAIN DESTINATION (June 2024)Canada$94.4k

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.

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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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