In the previous blogs, we explored the 2024 silk trade data for China and the United States. In this blog, we will focus on the silk trade data for the 27 EU countries from January to August 2024, covering the following key points:
- Overall Trade Situation:
- During this period, the EU’s total foreign trade volume of silk goods reached USD 7.798 billion, a year-on-year decrease of 2.7%. This includes exports of USD 3.413 billion, down by 7.82%, and imports of USD 4.385 billion, up by 1.69%.
- Export Situation:
- Major export markets for silk goods include the United States, the United Kingdom, Switzerland, China, and Japan. Demand from the United States and China showed slight growth, while exports to Japan declined significantly.
- The primary markets for raw silk exports include the United Kingdom, Tunisia, and Turkey. Demand for EU raw silk from Tunisia and Turkey increased.
- Import Situation:
- The main sources of silk imports for the EU are China, Turkey, and Bangladesh. Imports from China grew significantly, accounting for 32.63% of the EU’s total silk imports.
- The primary sources of pure silk fabrics include China, Turkey, and South Korea. Although imports from Turkey declined, China remains a major source with notable growth.
Source: China Chamber of Commerce, Textile Import and Export
Author: Silk Department
Date: October 21, 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%. (For more details, see attached tables.)
Exports:
Table 1: Export Value of Silk Goods from the EU (27 Countries) to Major Markets, January-August 2024
Unit: USD 10,000
| Country/Region | Export Value | Share (%) | YoY (%) |
| Total | 341290.94 | 100.00 | -7.82 |
| USA | 47416.02 | 13.89 | 0.99 |
| UK | 33110.60 | 9.70 | -8.05 |
| Switzerland | 32373.30 | 9.49 | -19.27 |
| China | 26507.52 | 7.77 | 0.67 |
| Japan | 19172.54 | 5.62 | -37.02 |
| Hong Kong | 19042.71 | 5.58 | -3.62 |
| South Korea | 15914.71 | 4.66 | 2.17 |
| Russia | 12559.54 | 3.68 | -9.12 |
| Turkey | 12182.40 | 3.57 | 13.73 |
| UAE | 11134.56 | 3.26 | 16.19 |
| Norway | 8327.72 | 2.44 | -2.62 |
| Tunisia | 7483.17 | 2.19 | -11.15 |
Table 2: Export Value of Raw Silk Products to Major Markets from the EU (27 Countries), January-August 2024
Unit: USD 10,000
| Country/Region | Export Value | Share (%) | YoY (%) |
| Total | 1319.52 | 100.00 | -6.81 |
| UK | 294.56 | 22.32 | -29.12 |
| Tunisia | 281.33 | 21.32 | 16.55 |
| Turkey | 190.70 | 14.45 | 11.45 |
| USA | 123.96 | 9.39 | -20.43 |
| China | 75.13 | 5.69 | -1.22 |
| South Africa | 64.89 | 4.92 | 202.96 |
(Data Source: GTF)
Table 3: Export Quantity of Raw Silk Products from the EU (27 Countries) to Major Markets, January-August 2024
Units: tons, USD/kg
| Country/Region | Export Quantity | YoY (%) | Export Price | YoY (%) |
| Total | 206.90 | -9.72 | 63.78 | 3.22 |
| Tunisia | 57.82 | -2.21 | 48.65 | 19.18 |
| UK | 31.65 | -26.44 | 93.07 | -3.64 |
| Turkey | 26.47 | 22.80 | 72.05 | -9.24 |
| USA | 15.87 | 1.39 | 78.11 | -21.53 |
| China | 12.94 | 28.09 | 58.07 | -22.88 |
(Data Source: GTF)
Table 4: Export Value of Pure Silk Fabrics from the EU (27 Countries) to Major Markets, January-August 2024
Unit: USD 10,000
| Country/Region | Export Value | Share (%) | YoY (%) |
| Total | 46385.68 | 100.00 | -6.00 |
| Tunisia | 6634.24 | 14.30 | -12.95 |
| Morocco | 5878.10 | 12.67 | 24.20 |
| Sri Lanka | 4523.24 | 9.75 | 5.74 |
| China | 2903.46 | 6.26 | 15.96 |
| Serbia | 2636.62 | 5.68 | -20.02 |
| USA | 1916.05 | 4.13 | -14.60 |
| Vietnam | 1864.12 | 4.02 | 39.44 |
| Turkey | 1759.71 | 3.79 | -21.55 |
| Madagascar | 1636.53 | 3.53 | -30.24 |
(Data Source: GTF)
Table 5: Export Value of Silk Finished Products from the EU (27 Countries) to Major Markets, January-August 2024
Unit: USD 10,000
| Country/Region | Export Value | Share (%) | Year-on-Year (%) |
| Total | 293585.74 | 100.00 | -8.10 |
| United States | 45376.01 | 15.46 | 1.85 |
| United Kingdom | 31526.38 | 10.74 | -7.79 |
| Switzerland | 31311.84 | 10.67 | -19.27 |
| China | 23528.93 | 8.01 | -0.94 |
| Japan | 18788.94 | 6.40 | -37.19 |
| Hong Kong, China | 17917.06 | 6.10 | -2.64 |
| South Korea | 15483.64 | 5.27 | 3.75 |
| Russia | 11862.78 | 4.04 | -6.88 |
| UAE | 10530.55 | 3.59 | 15.60 |
| Turkey | 10231.99 | 3.49 | 23.31 |
(Data source: GTF)
Imports:
Table 6: Import Value of Silk Goods from Major Sources to the EU (27 Countries), January-August 2024
Unit: USD 10,000
| Country/Region | Import Value | Share (%) | YoY (%) |
| Total | 438486.02 | 100.00 | 1.69 |
| China | 143065.52 | 32.63 | 4.61 |
| Turkey | 62846.84 | 14.33 | -3.77 |
| Bangladesh | 50504.38 | 11.52 | 5.79 |
| Vietnam | 22838.10 | 5.21 | 30.97 |
| India | 20254.45 | 4.62 | -3.04 |
| Morocco | 15178.47 | 3.46 | 4.57 |
| Cambodia | 14401.27 | 3.28 | 20.90 |
| Tunisia | 11213.90 | 2.56 | -26.87 |
| UK | 10512.84 | 2.40 | -2.17 |
| Pakistan | 9024.51 | 2.06 | 1.22 |
| USA | 7184.44 | 1.64 | 8.64 |
(Data Source: GTF)
Table 7: Import Value of Raw Silk Products from Major Sources to the EU (27 Countries), January-August 2024
Unit: USD 10,000
| Country/Region | Import Value | Share (%) | YoY (%) |
| Total | 13275.41 | 100.00 | -13.55 |
| China | 11252.04 | 84.76 | -12.15 |
| Brazil | 780.84 | 5.88 | -26.26 |
| Vietnam | 383.68 | 2.89 | -39.64 |
| Tunisia | 221.09 | 1.67 | -21.01 |
| India | 187.65 | 1.41 | -15.26 |
| Switzerland | 182.23 | 1.37 | 0.47 |
| Japan | 148.15 | 1.12 | 49.22 |
(Data Source: GTF)
Table 8: Import Quantity of Raw Silk Products from Major Sources to the EU (27 Countries), January to August 2024
Unit: Tons, USD/Kg
| Country/Region | Import Volume (Tons) | Year-on-Year Change (%) | Import Unit Price (USD/Kg) | Year-on-Year Price Change (%) |
| Total | 2174.44 | -13.89 | 61.05 | 0.39 |
| China | 1943.07 | -12.84 | 57.91 | 0.80 |
| Brazil | 77.89 | -29.26 | 100.25 | 4.24 |
| Vietnam | 44.47 | -42.63 | 86.27 | 5.22 |
| India | 36.60 | -5.43 | 51.27 | -10.40 |
| Tunisia | 32.62 | 1.53 | 67.79 | -22.20 |
(Data Source: GTF)
Table 9: Import Value of Pure Silk Fabrics from Major Sources to the EU (27 Countries), January-August 2024
Unit: 10,000 USD
| Country/Region | Import Value | Share (%) | Year-on-Year (%) |
| Total | 40895.93 | 100.00 | -4.94 |
| China | 16549.26 | 40.47 | 4.43 |
| Turkey | 11654.45 | 28.50 | -13.36 |
| South Korea | 3263.63 | 7.98 | -17.47 |
| Serbia | 1719.95 | 4.21 | -7.42 |
| Switzerland | 1542.53 | 3.77 | 15.31 |
| United Kingdom | 1360.02 | 3.33 | -0.74 |
| India | 877.95 | 2.15 | -3.89 |
| Ethiopia | 777.72 | 1.90 | 16.91 |
| Uzbekistan | 592.68 | 1.45 | -33.37 |
| Vietnam | 534.07 | 1.31 | 13.91 |
(Data Source: GTF)
Table 10: Import Value of Silk Finished Products from Major Sources to the EU (27 Countries), January-August 2024
Unit: 10,000 USD
| Country/Region | Import Value | Share (%) | Year-on-Year (%) |
| Total | 384314.67 | 100.00 | 3.08 |
| China | 115264.22 | 29.99 | 6.62 |
| Turkey | 51189.37 | 13.32 | -1.28 |
| Bangladesh | 50500.23 | 13.14 | 5.83 |
| Vietnam | 21920.36 | 5.70 | 34.20 |
| India | 19188.86 | 4.99 | -2.86 |
| Morocco | 14973.74 | 3.90 | 6.01 |
| Cambodia | 14401.11 | 3.75 | 20.90 |
| Tunisia | 10857.60 | 2.83 | -27.18 |
| United Kingdom | 9148.01 | 2.38 | -2.31 |
| Pakistan | 9004.55 | 2.34 | 1.27 |
(Data Source: GTF)
(Disclaimer: The content posted on esilk.net is intended to provide industry information and is for reference only.)To learn more about the trade situation for silk products in the United States from January to August 2024, please refer to our previous blog. For more insights on silk products, follow the DOCSUN blog. If you’re interested in silk products, visit our website.https://www.docsunhomeandliving.com/
