EU (27 Countries) Trade Statistic Data of Silk Goods January-August 2024
Table of Contents
In the previous article, we discussed the silk goods trade situation in China from January to September 2024. Interested readers can click on this link to view it: China Silk Trade Statistics. Today, we will focus on analyzing the silk trade situation in the 27 EU countries from January to August 2024.
According to Eurostat data, from January to August 2024, the foreign trade volume of silk goods in the EU (27 countries) reached USD 7.798 billion, a year-on-year decrease of 2.70%. This includes exports of USD 3.413 billion, a year-on-year decrease of 7.82%, and imports of USD 4.385 billion, a year-on-year increase of 1.69%.
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Key Highlights
- Overall Trade: Total volume reached USD 7.798 billion. Exports fell by 7.82%, while imports rose by 1.69%.
- Exports: Major markets include the US, UK, and Switzerland. Exports to the US grew slightly, while Japan saw a significant decline. Raw silk demand from Tunisia and Turkey increased.
- Imports: China remains the top supplier, accounting for 32.63% of imports.
2. EU (27 Countries) Trade Exports
Table 1: Export Value of Silk Goods from the EU to Major Markets (Jan – Aug 2024)
Unit: 10,000 USD
| Country/Region | Export Value | Share (%) | YoY (%) |
|---|---|---|---|
| Total | 341,290.94 | 100.00 | -7.82 |
| USA | 47,416.02 | 13.89 | 0.99 |
| UK | 33,110.60 | 9.70 | -8.05 |
| Switzerland | 32,373.30 | 9.49 | -19.27 |
| China | 26,507.52 | 7.77 | 0.67 |
| Japan | 19,172.54 | 5.62 | -37.02 |
(Data Source: GTF)
Raw Silk Exports
Table 2: Export Value of Raw Silk Products to Major Markets
| Country | Value (10k USD) | Share (%) | YoY (%) |
| Total | 1,319.52 | 100.00 | -6.81 |
| UK | 294.56 | 22.32 | -29.12 |
| Tunisia | 281.33 | 21.32 | 16.55 |
Table 3: Export Quantity of Raw Silk Products
| Country | Qty (Tons) | YoY (%) | Price ($/Kg) | YoY (%) |
| Total | 206.90 | -9.72 | 63.78 | 3.22 |
| Tunisia | 57.82 | -2.21 | 48.65 | 19.18 |
Silk Fabrics & Finished Products
Table 4: Export Value of Pure Silk Fabrics to Major Markets
| Country | Value (10k USD) | Share (%) | YoY (%) |
| Total | 46,385.68 | 100.00 | -6.00 |
| Tunisia | 6,634.24 | 14.30 | -12.95 |
| Morocco | 5,878.10 | 12.67 | 24.20 |
Table 5: Export Value of Silk Finished Products to Major Markets
| Country | Value (10k USD) | Share (%) | YoY (%) |
| Total | 293,585.74 | 100.00 | -8.10 |
| USA | 45,376.01 | 15.46 | 1.85 |
| UK | 31,526.38 | 10.74 | -7.79 |
3. EU (27 Countries) Trade Imports
Table 6: Import Value of Silk Goods from Major Sources (Jan – Aug 2024)
| Country/Region | Import Value | Share (%) | YoY (%) |
|---|---|---|---|
| Total | 438,486.02 | 100.00 | 1.69 |
| China | 143,065.52 | 32.63 | 4.61 |
| Turkey | 62,846.84 | 14.33 | -3.77 |
| Bangladesh | 50,504.38 | 11.52 | 5.79 |
Table 7: Import Value of Raw Silk Products
| Country | Value (10k USD) | Share (%) | YoY (%) |
| Total | 13,275.41 | 100.00 | -13.55 |
| China | 11,252.04 | 84.76 | -12.15 |
Table 8: Import Quantity of Raw Silk Products
| Country | Qty (Tons) | YoY (%) | Price ($/Kg) | YoY (%) |
| Total | 2,174.44 | -13.89 | 61.05 | 0.39 |
| China | 1,943.07 | -12.84 | 57.91 | 0.80 |
Table 9: Import Value of Pure Silk Fabrics
| Country | Value (10k USD) | Share (%) | YoY (%) |
| Total | 40,895.93 | 100.00 | -4.94 |
| China | 16,549.26 | 40.47 | 4.43 |
Table 10: Import Value of Silk Finished Products
| Country | Value (10k USD) | Share (%) | YoY (%) |
| Total | 384,314.67 | 100.00 | 3.08 |
| China | 115,264.22 | 29.99 | 6.62 |
(Note: esilk.net statement: The publication of this article aims to provide more industry information, and the content is for reference only.)
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Frequently Asked Questions (FAQ)
What was the total value of the EU’s silk trade from Jan to Aug 2024?
The EU’s total foreign trade volume of silk goods reached USD 7.798 billion, a year-on-year decrease of 2.7%.
Which country is the largest export market for EU silk goods?
The United States is the largest export market, accounting for 13.89% of the EU’s total silk exports.
Who is the main supplier of silk goods to the EU?
China is the main supplier, accounting for 32.63% of the EU’s total silk imports.
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