Report of India Silk Trade Data for January to October 2024
Source: China National Textile and Apparel Council
Author: Silk Department
Date: December 25, 2024, 11:05 AM
In the previous article, we explored the trade analysis of silk products in Turkey for 2024. For those interested, you can click on this link to view ithttps://blog.docsunhomeandliving.com/data-brief-of-turkey-silk-trade-for-january-october-2024/. Now, let’s focus on the trade analysis of silk products in India from January to October 2024.
According to the statistics from the Ministry of Commerce and Industry of India, from January to October 2024, the total trade value of India’s silk products reached 3.356 billion USD, marking a year-on-year increase of 13.04%. Among this, exports totaled 2.956 billion USD, an increase of 15.95%, while imports amounted to 400 million USD, showing a decline of 4.63%. (See attached table for details)
Report of India Silk Trade Data Exports:
Table 1: All Indian Silk Products Export Value to Major Markets, January to October 2024
(Unit: 10,000 USD)
| Country/Region | Export Value (USD) | Share (%) | Year-on-Year Growth (%) |
| Total | 295,600.00 | 100.00 | 15.95 |
| United States | 127,991.00 | 43.30 | 15.40 |
| EU (27 countries) | 52,126.00 | 17.63 | 10.00 |
| UAE | 24,827.00 | 8.40 | 31.99 |
| United Kingdom | 16,003.00 | 5.41 | 5.19 |
| Sri Lanka | 7,794.00 | 2.64 | 25.18 |
| Australia | 7,720.00 | 2.61 | 39.50 |
| Canada | 7,133.00 | 2.41 | 12.54 |
| Saudi Arabia | 5,175.00 | 1.75 | -2.58 |
| China | 3,432.00 | 1.16 | 3.40 |
(Data Source: GTF)
Table 2: Indian Raw Silk Products Export Value to Major Markets, January to October 2024
(Unit: 10,000 USD)
| Country/Region | Export Value (USD) | Share (%) | Year-on-Year Growth (%) |
| Total | 36,820.00 | 100.00 | 14.95 |
| China | 27,980.00 | 75.99 | 5.51 |
| Vietnam | 3,390.00 | 9.21 | 636.96 |
| EU (27 countries) | 2,020.00 | 5.49 | -12.55 |
| United States | 1,180.00 | 3.20 | 59.46 |
| Nepal | 1,010.00 | 2.74 | 14.77 |
Data Source: GTF
Table 3: Indian Raw Silk Products Export Quantity to Major Markets, January to October 2024
(Unit: Ton, USD/kg)
| Country/Region | Export Quantity (Ton) | Year-on-Year Growth (%) | Export Price (USD/kg) | Year-on-Year Growth (%) |
| Total | 2,536.83 | -7.26 | 14.51 | 23.95 |
| China | 2,239.90 | -9.76 | 12.49 | 16.92 |
| Vietnam | 97.55 | 693.73 | 34.75 | -7.15 |
| Bangladesh | 58.84 | -33.97 | 1.36 | 101.93 |
| Nepal | 54.51 | -8.66 | 18.53 | 25.66 |
Data Source: GTF
Table 4: Indian Silk Fabrics Export Value to Major Markets, January to October 2024
(Unit: 10,000 USD)
| Country/Region | Export Value (USD) | Share (%) | Year-on-Year Growth (%) |
| Total | 22,604.00 | 100.00 | 33.91 |
| Sri Lanka | 7,068.00 | 31.27 | 26.30 |
| UAE (United Arab Emirates) | 5,869.00 | 25.96 | 71.31 |
| Bangladesh | 2,627.00 | 11.62 | 93.87 |
| EU (27 countries) | 1,304.00 | 5.77 | 0.23 |
| United States | 1,300.00 | 5.75 | -15.25 |
| Kenya | 653.00 | 2.89 | 134.89 |
Data Source: GTF
Table 5: Indian Silk Finished Products Export Value to Major Markets, January to October 2024
(Unit: 10,000 USD)
| Country/Region | Export Value (USD) | Share (%) | Year-on-Year Growth (%) |
| Total | 269,314.00 | 100.00 | 14.67 |
| United States | 126,573.00 | 47.00 | 15.80 |
| EU (27 countries) | 50,620.00 | 18.80 | 10.39 |
| UAE (United Arab Emirates) | 18,958.00 | 7.04 | 23.27 |
| United Kingdom | 15,554.00 | 5.78 | 5.27 |
| Australia | 7,609.00 | 2.83 | 40.86 |
| Canada | 7,028.00 | 2.61 | 12.94 |
| Saudi Arabia | 5,082.00 | 1.89 | -3.44 |
Data Source: GTF
Report of India Silk Trade Data Import:
Table 6: All India Silk Products Import Value from Major Sources, January to October 2024
(Unit: 10,000 USD)
| Country/Region | Import Value (USD) | Share (%) | Year-on-Year Growth (%) |
| Total | 39,988.00 | 100.00 | -4.63 |
| China | 19,637.00 | 49.11 | 3.60 |
| Vietnam | 9,600.00 | 24.01 | -6.33 |
| Bangladesh | 3,564.00 | 8.91 | -24.68 |
| EU (27 countries) | 1,865.00 | 4.66 | 22.30 |
| Sri Lanka | 1,180.00 | 2.95 | -25.65 |
| Hong Kong, China | 1,061.00 | 2.65 | 17.24 |
| Taiwan, China | 556.00 | 1.39 | 22.47 |
| UAE | 303.00 | 0.76 | -67.97 |
Data Source: GTF
Table 7: Indian Raw Silk Products Import Value from Major Sources, January to October 2024
(Unit: 10,000 USD)
| Country/Region | Import Value (USD) | Share (%) | Year-on-Year Growth (%) |
| Total | 11,678.00 | 100.00 | -22.12 |
| Vietnam | 8,226.00 | 70.44 | -6.34 |
| China | 3,346.00 | 28.65 | -43.90 |
| Brazil | 101.00 | 0.86 | -34.42 |
Data Source: GTF
Table 8: India Raw Silk Products Imports from Major Sources by Quantity, January to October 2024
(Unit: Tons, USD/Kilogram)
| Country/Region | Import Quantity (Tons) | Year-on-Year Growth (%) | Import Price (USD/Kg) | Year-on-Year Growth (%) |
| Total | 1,841.97 | -33.65 | 63.40 | 17.39 |
| Vietnam | 1,151.01 | -16.42 | 71.47 | 12.06 |
| China | 672.49 | -50.36 | 49.76 | 13.03 |
| Brazil | 14.60 | -39.47 | 69.18 | 8.35 |
Data Source: GTF
Table 9: India Silk Fabrics Import Value from Major Sources, January to October 2024
(Unit: USD 10,000)
| Country/Region | Import Value (USD) | Market Share (%) | Year-on-Year Growth (%) |
| Total | 15,503.00 | 100.00 | 27.81 |
| China | 11,051.00 | 71.28 | 46.70 |
| Sri Lanka | 953.00 | 6.15 | -31.09 |
| Hong Kong, China | 859.00 | 5.54 | 11.41 |
| Vietnam | 809.00 | 5.22 | 7.72 |
| Taiwan, China | 553.00 | 3.57 | 26.83 |
| EU (27 countries) | 476.00 | 3.07 | 70.00 |
Data Source: GTF
Table 10: Indian Silk Finished Products Import Value from Major Sources, January to October 2024
(Unit: USD 10,000)
| Country/Region | Import Value (USD) | Market Share (%) | Year-on-Year Growth (%) |
| Total | 12,807.00 | 100.00 | -13.50 |
| China | 5,240.00 | 40.92 | -3.98 |
| Bangladesh | 3,536.00 | 27.61 | -24.81 |
| EU (27 countries) | 1,387.00 | 10.83 | 11.41 |
| Vietnam | 565.00 | 4.41 | -20.98 |
| UAE | 294.00 | 2.30 | -68.82 |
| USA | 236.00 | 1.84 | 30.39 |
| Sri Lanka | 225.00 | 1.76 | 10.29 |
| Hong Kong, China | 201.00 | 1.57 | 50.00 |
Data Source: GTF
(Note from esilk.net: The publication of this article aims to provide more industry news. The content is for reference only.)
If you would like to learn more about fabric, craftsmanship, manufaturing process,or need further cooperation, please email us via the email address vip@docsunhomeandliving.com, or click the image below to visit our official website. Also you can visit Docsun Silk for Daily outfit guidance.
