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50 (Harmonized System 1992 for 2-digit)

2023
World Trade $1.75BRnk 96 / 96
2023
Top Exporter | Top Importer $729M | $343MChina | Italy
2023
Product Complexity -0.38Rnk 57 / 96
2022 - 2023
Export Growth (CAGR) -4.1%Rnk 40 / 96
2023
Share of World Trade 0.0078%Rnk 96 / 96

About

Overview This page contains the latest trade data of Silk. In 2023, Silk were the world's 96th most traded product, with a total trade of $1.75B. Between 2022 and 2023 the exports of Silk decreased by -4.1%, from $1.83B to $1.75B. Trade in Silk represent 0.0078% of total world trade.

Silk are a part of Textiles. They include Silk Fabrics, Raw Silk, Non-Retail Silk Yarn, Silk Waste Yarn, Silk Waste, Retail Silk Yarn, and Silk-worm Cocoons.

Exports In 2023 the top exporters of Silk  were China ($729M), Italy ($269M), Vietnam ($153M), Romania ($121M), and India ($81.3M).

Imports In 2023 the top importers of Silk were Italy ($343M), India ($220M), France ($133M), Romania ($93M), and Vietnam ($92.5M).

Ranking Silk ranks 57th in the Product Complexity Index (PCI).

Latest Trends

Latest Data

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Y-AXIS SCALE

The following visualization shows the latest trends on Silk. Countries are shown based on data availability.

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

Explore Latest Trends

* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Historical Data

Exporters and Importers

Top Origin (2023)China$729M
Top Destination (2023)Italy$343M

In 2023 Silk were the world's 96th most traded product (out of 96).

In 2023, the top exporters of Silk were China ($729M), Italy ($269M), Vietnam ($153M), Romania ($121M), and India ($81.3M).

In 2023, the top importers of Silk were Italy ($343M), India ($220M), France ($133M), Romania ($93M), and Vietnam ($92.5M).

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Exporters of Silk (2023)
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Importers of Silk (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Romania$36.6M
Top Destination Growth (2022 -  2023)France$28.6M

Between 2022 and 2023, the exports of Silk grew the fastest in Romania ($36.6M), Italy ($16.5M), Germany ($12.6M), France ($8.54M), and India ($7.32M).

Between 2022 and 2023, the fastest growing importers of Silk were France ($28.6M), Sri Lanka ($27.9M), Italy ($24.1M), Slovenia ($11.8M), and Vietnam ($11.2M).

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Exporters of Silk (2022 - 2023)

Importers of Silk (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Silk.

In 2023, market concentration measured using Shannon Entropy, was 3.17. This means that most of the exports of Silk are explained by 8 countries.

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Value of Exports in Silk

Net Trade

TOP NET EXPORTER (2023)China$642M
TOP NET IMPORTER (2023)India$139M

This map shows which countries export or import more of Silk. Each country is colored based on the difference in exports and imports of Silk during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Silk were China ($642M), Uzbekistan ($79.3M), Vietnam ($60.1M), Brazil ($35.1M), and Romania ($27.9M).

In 2023, the countries that had a largest trade value in imports than in exports of Silk were India ($139M), France ($75.4M), Italy ($74.1M), Japan ($59.3M), and United States ($53.5M).

Net Trade (2023)

Disaggregation

Value
Disaggregation

In 2023, the world most traded Silk, disaggragated by their HS6 level were Silk Fabrics ($814M), Raw Silk ($421M), Non-Retail Silk Yarn ($285M), Silk Waste ($132M), and Silk Waste Yarn ($83.9M)

HS6 Disaggregation for Silk (2023)
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Country Comparison

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Measure
Ranking

This visualization shows the countries that have an important ratio of their trade related to Silk.
It is possible to select the main countries that export or import Silk in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Silk by percentage of total exports

Potential Exports

Potential Exports

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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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Product Complexity

Diversification Frontier

Specialization

The Complexity-Relatedness diagram compares the risk and the strategic value of a product's potential export opportunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth potential, lower income inequality, and lower emissions.

Relatedness vs Country Complexity (2023)

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