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US Silk Imports From China From January To October 2022

1、 US silk imports from China in October

According to the statistics of the United States Department of Commerce, the import of silk goods from China in October was 125 million US dollars, an increase of 0.52% year on year and 3.99% month on month, accounting for 32.97% of the global import, and the proportion has rebounded.

The details are as follows:

Silk: imports from China amounted to 743100 US dollars, an increase of 100.56% year-on-year, a decrease of 42.88% month-on-month, and a market share of 54.76%, a significant decrease compared with the previous month; The import volume was 18.22 tons, down 73.08% year-on-year, 42.51% month-on-month, and the market share was 60.62%.

Silk and satin: imports from China reached US $3.4189 million, a year-on-year decrease of 40.16%, a month on month decrease of 17.93%, and a market share of 20.54%, rising to the second place after Taiwan, China, while South Korea still ranked first.

Manufactured goods: imports from China reached US $121 million, up 2.17% year-on-year, down 14.92% month-on-month, with a market share of 33.46%, up from the previous month.

2、 US silk imports from China from January to October
From January to October 2022, the United States imported US $1.53 billion of silk goods from China, an increase of 34.0% year on year, accounting for 31.99% of the global imports, ranking first among the sources of imports of US silk goods. Including:

Silk: imports from China reached US $5.7925 million, up 94.04% year on year, with a market share of 44.61%; The quantity was 147.12 tons, a year-on-year decrease of 19.58%, and the market share was 47.99%.

Silk and satin: imports from China amounted to US $45.8915 million, down 8.59% year on year, with a market share of 21.97%, ranking the second among the sources of silk and satin imports.

Manufactured goods: imports from China reached US $1.478 billion, up 35.80% year on year, with a market share of 32.41%, ranking the first among import sources.

3、 The situation of silk goods imported by the United States with a 10% tariff added to China

Since 2018, the United States has imposed 10% import tariffs on 25 eight-digit customs coded cocoon silk and satin goods in China. It has 1 cocoon, 7 silk (including 8 10-bit codes) and 17 silk (including 37 10-bit codes).

1. The situation of silk goods imported from China by the United States in October

In October, the United States imported US $1.7585 million of silk goods with 10% tariff added to China, an increase of 71.14% year on year and a decrease of 24.44% month on month. The market share was 26.06%, down significantly from the previous month.

The details are as follows:

Cocoon: imported from China is zero.

Silk: imports from China amounted to 743100 US dollars, an increase of 100.56% year-on-year, a decrease of 42.88% month-on-month, and a market share of 54.76%, a significant decrease compared with the previous month; The import volume was 18.22 tons, down 73.08% year-on-year, 42.51% month-on-month, and the market share was 60.62%.

Silk and satin: imports from China reached US $1015400, up 54.55% year-on-year, down 1.05% month-on-month, and market share 18.83%. The quantity was 129000 square meters, up 53.58% year on year.

2. Status of silk goods imported by the United States from China with tariffs from January to October

From January to October, the United States imported US $15.4973 million of silk goods with a 10% tariff added to China, an increase of 89.27% year on year, with a market share of 22.47%. China surpassed South Korea and rose to the top of the import sources. Including:

Cocoon: imported from China is zero.

Silk: imports from China reached US $5.7925 million, up 94.04% year on year, with a market share of 44.61%; The quantity was 147.12 tons, a year-on-year decrease of 19.58%, and the market share was 47.99%.

Silk and satin: imports from China reached US $9.7048 million, up 86.73% year on year, with a market share of 18.41%, ranking the third among the sources of imports. The quantity was 1224300 square meters, up 77.79% year on year.


Post time: Jan-17-2023