U.S. imports of silk products from China increased by 25.92% year-on-year in April-Apparel / Textiles & Accessories-Hmeonline: Leading B2B Source & Platform Since 2005

1. U.S. imports of silk products from China in April

According to statistics from the U.S. Department of Commerce, imports of silk products from China in April amounted to US$96 million, a year-on-year increase of 25.92% and a month-on-month decrease of 20%, accounting for 25.02% of global imports.

details as follows:

Silk: Imported from China was 377,200 US dollars, an increase of 137.23% year-on-year, an increase of 346.94% month-on-month, and a market share of 35.60%. The monthly share fluctuated greatly; the amount of imports was 14.23 tons, an increase of 355.13% year-on-year and an increase of 427.89% month-on-month. Market share It is 59.59%.

Silks and satin: imported from China US$4.066 million, an increase of 44.74% year-on-year, an increase of 21.36% month-on-month, and a market share of 26.29%, surpassing South Korea as the first source of imports by a slight advantage.

Manufactured products: Imports from China were US$91 million, a year-on-year increase of 24.96%, a month-on-month decrease of 21.22%, and a market share of 24.93%.

2. From January to April, the U.S. imported silk products from China

From January to April, the United States imported 442 million US dollars of silk products from China, a year-on-year increase of 10.61%, accounting for 30.95% of global imports. among them:

Silk: Imported from China was US$1.1601 million, a year-on-year increase of 237.57%, with a market share of 32.69%, ranking first in the source of silk imports; the quantity was 41.02 tons, a year-on-year increase of 525.56%, and the market share was 53.95%.

Silks and satin: Imported from China was 16.7301 million US dollars, a year-on-year increase of 0.85%, with a market share of 27.12%, ranking first in the source of silk and satin imports.

Manufactured products: Imports of US$425 million from China, an increase of 10.83% year-on-year, and a market share of 31.12%, ranking first in the source of imports.

3. The U.S. imports of silk products from China that are subject to a 10% tariff

Since April 2018, the United States has imposed a 10% import tariff on China's 25 8-digit cocoon silk and silk products. It has 1 cocoon, 7 silks (actually contains 8 10-digit codes), and 17 silks (actually contains 37 10-digit codes).

The situation of U.S. imports of silk products subject to additional tariffs from China in 1.4

In April, the United States imported 674,800 U.S. dollars of silk products subject to a 10% tariff from China, a year-on-year decrease of 29.41% and a month-on-month increase of 140.48%. The market share is 13.34%.

details as follows:

Silkworm cocoons: Imported USD 5,500 from China, with a market share of 100%.

Silks and satin: Imported from China was 297,600 US dollars, down 62.66% year-on-year, and up 55.16% month-on-month, with a market share of 7.44%. The quantity was 43,000 square meters, a decrease of 93.44% year-on-year.

2. From January to April, the U.S. imports of silk products subject to additional tariffs from China

From January to April, the United States imported 2.83 million US dollars of silk products with a 10% tariff imposed on China, a year-on-year decrease of 32.68%, and its market share was 14.48%. among them:

Silkworm cocoons: Imported USD 5,500 from China, with a market share of 100%.

Silk and satin: Imported from China was US$1.6644 million, down 56.89% year-on-year, and had a market share of 10.41%. The quantity was 251,000 square meters, a year-on-year decrease of 82.86%.