Annual International Trade Statistics by Country (HS)
Publication date: 2024-01-28
Reporting period: 2002 - 2023
Timeseries: 194 million
Source:TrendEconomy
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European Union | Imports and Exports | World | Silk | Value (US$) and Value Growth, YoY (%) | 2012 - 2023

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2023
50. SilkEuropean UnionWorldExportsValue (US$)276,798,456.00293,703,039.40285,149,866.15213,141,792.71189,029,248.06160,582,333.66171,885,640.02160,910,249.81111,604,223.92119,763,092.29134,449,093.74159,418,726.59
Value Growth, YoY (%)-8.296.10-2.91-25.25-11.31-15.047.03-6.38-30.647.3112.2618.57
ImportsValue (US$)482,755,626.00527,579,558.19497,683,924.05409,062,674.46377,763,119.81349,517,175.56450,769,178.65344,752,575.53232,846,888.50230,617,157.90364,189,418.36345,345,822.08
Value Growth, YoY (%)-13.689.28-5.66-17.80-7.65-7.4728.96-23.51-32.45-0.9557.91-5.17

The value of exports of commodity group 50 "Silk" from European Union totalled $ 159 million in 2023. Sales of commodity group 50 from European Union went up by 18.5% compared to 2022: exports of commodity group 50 "Silk" went up by $ 24 million (cumulative exports of commodity group 50 from European Union amounted $134 million in 2022)

Exports of commodity group 50 "Silk" amounted to 0.005% of total exports from European Union (cumulative merchandise exports from European Union totalled $ 2.76 trillion in 2023). The share of commodity group 50 in total exports from European Union decreased by 0 p.p. compared to 2022 (it was 0.005% in 2022 and cumulative exports from European Union were equal to $ 2.5 trillion).

Where does European Union export Silk?

Top export destinations of "Silk" from European Union in 2023:

  • Madagascar with a share of 19.1% (30 million US$)
  • Tunisia with a share of 17% (27 million US$)
  • United Kingdom with a share of 8.59% (13.7 million US$)
  • USA with a share of 7.66% (12.2 million US$)
  • United Arab Emirates with a share of 6.18% (9.86 million US$)
  • Morocco with a share of 5.96% (9.5 million US$)
  • China with a share of 4.91% (7.84 million US$)
  • Switzerland with a share of 3.14% (5.01 million US$)
  • Turkey with a share of 3.14% (5 million US$)
  • Hong Kong with a share of 2.63% (4.19 million US$)

Exports structure of 50 - Silk - from European Union in 2023 represented by the following main commodity groups:

  • 86% (138 million US$): 5007 - Woven fabrics of silk or of silk waste
  • 4.24% (6.75 million US$): 5004 - Silk yarn (other than yarn spun from silk waste) not put up for retail sale
  • 3.66% (5.83 million US$): 5005 - Yarn spun from silk waste, not put up for retail sale.
  • 2.63% (4.19 million US$): 5002 - Raw silk (not thrown)
  • 1.86% (2.98 million US$): 5003 - Silk waste (including cocoons unsuitable for reeling, yarn waste and garnetted stock)
  • 0.949% (1.51 million US$): 5006 - Silk yarn and yarn spun from silk waste, put up for retail sale; silk-worm gut
  • 0.019% (30 thousand US$): 5001 - Silk-worm cocoons suitable for reeling

The value of imports of commodity group 50 "Silk" to European Union totalled $ 345 million in 2023. Sales of commodity group 50 to European Union decreased by 5.17% in value terms compared to 2022. imports of commodity group 50 "Silk" decreased by $ 18.8 million (the value of imports of commodity group 50 to European Union was equal to $364 million in 2022)

Imports of commodity group 50 "Silk" accounted for 0.012% of total import flow to European Union (in 2023, total imports to European Union amounted to $ 2.71 trillion). The share of commodity group 50 in total imports to European Union decreased by 0 p.p. compared to 2022 (it was 0.012% in 2022 and cumulative imports to European Union were equal to $ 3.02 trillion).

Where does European Union import Silk from?

Top trading partners (import of "Silk") of European Union in 2023:

  • China with a share of 79% (275 million US$)
  • Brazil with a share of 4.83% (16.7 million US$)
  • India with a share of 3.93% (13.6 million US$)
  • United Kingdom with a share of 3.2% (11 million US$)
  • Vietnam with a share of 2.5% (8.65 million US$)
  • Tunisia with a share of 1.3% (4.51 million US$)
  • Switzerland with a share of 1.01% (3.51 million US$)
  • Korea - 2.74 million US$
  • Japan - 2.58 million US$
  • Thailand - 1.43 million US$

Imports structure of 50 - Silk - to European Union in 2023 represented by the following main commodity groups:

  • 36% (127 million US$): 5007 - Woven fabrics of silk or of silk waste
  • 30% (106 million US$): 5002 - Raw silk (not thrown)
  • 12.3% (42 million US$): 5004 - Silk yarn (other than yarn spun from silk waste) not put up for retail sale
  • 10.2% (35 million US$): 5005 - Yarn spun from silk waste, not put up for retail sale.
  • 9.39% (32 million US$): 5003 - Silk waste (including cocoons unsuitable for reeling, yarn waste and garnetted stock)
  • 0.364% (1.25 million US$): 5006 - Silk yarn and yarn spun from silk waste, put up for retail sale; silk-worm gut
  • 0.015% (55 thousand US$): 5001 - Silk-worm cocoons suitable for reeling

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