US Silk Imports From China From January To August 2022

US Silk Imports From China From January To August 2022
1、 Status of US silk imports from China in August

According to the statistics of the United States Department of Commerce, the import of silk goods from China in August was $148 million, an increase of 15.71% year-on-year, a decrease of 4.39% month-on-month, accounting for 30.05% of global imports, which continued to decline, down about 10 percentage points from the beginning of the year.

The details are as follows:

Silk: imports from China amounted to US $1.301 million, up 197.40% year-on-year, 141.85% month-on-month, and 66.64% market share, representing a significant increase over the previous month; The import volume was 31.69 tons, up 99.33% year-on-year and 57.20% month-on-month, with a market share of 79.41%.

Silk and satin: imports from China amounted to 4.1658 million US dollars, down 31.13% year on year, 6.79% month on month, and 19.64% market share. Although the proportion has not changed much, the import source ranked third, and Taiwan, China, China rose to second.

Manufactured goods: imports from China amounted to US $142 million, up 17.39% year-on-year, down 4.85% month-on-month, with a market share of 30.37%, down from next month.

2、 US silk imports from China from January to August

From January to August 2022, the United States imported US $1.284 billion of silk goods from China, a year-on-year increase of 45.16%, accounting for 32.20% of the global imports, ranking the first among the sources of imports of US silk goods. Including:

Silk: imports from China reached US $4.3141 million, up 71.92% year-on-year, with a market share of 42.82%; The quantity was 114.30 tons, with a year-on-year increase of 0.91%, and the market share was 45.63%.

Silk and satin: imports from China amounted to US $37.8414 million, down 5.11% year on year, with a market share of 21.77%, ranking the second among the sources of silk and satin imports.

Manufactured goods: imports from China amounted to 1.242 billion US dollars, up 47.46% year on year, with a market share of 32.64%, ranking 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. Status of silk goods imported by the United States from China in August

In August, the United States imported 2327200 US dollars of silk goods with 10% tariff added to China, up 77.67% year-on-year and 68.28% month-on-month. The market share was 31.88%, a significant increase over the previous month. The details are as follows:

Cocoon: imported from China is zero.

Silk: imports from China amounted to US $1.301 million, up 197.40% year-on-year, 141.85% month-on-month, and 66.64% market share, representing a significant increase over the previous month; The import volume was 31.69 tons, up 99.33% year-on-year and 57.20% month-on-month, with a market share of 79.41%.

Silk and satin: imports from China reached US $1026200, up 17.63% year-on-year, 21.44% month-on-month and 19.19% market share. The quantity was 117200 square meters, up 25.06% year on year.

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

In January-August, the United States imported US $11.3134 million of silk goods with a 10% tariff added to China, an increase of 66.41% year on year, with a market share of 20.64%, ranking second among the import sources. Including:

Cocoon: imported from China is zero.

Silk: imports from China reached US $4.3141 million, up 71.92% year-on-year, with a market share of 42.82%; The quantity was 114.30 tons, with a year-on-year increase of 0.91%, and the market share was 45.63%.

Silk and satin: imports from China reached US $6.993 million, up 63.40% year on year, with a market share of 15.65%, ranking the fourth among import sources. The quantity was 891000 square meters, up 52.70% year on year.