Source: China National Textile and Apparel Council
Author: Silk Department
Date: November 13, 2024, 11:11:53
According to GTF statistics, from January to August 2024, Vietnam’s total trade volume in silk products was USD 118 million, a decrease of 14.14% year-on-year. Among this, exports totaled USD 83.40 million, a decrease of 0.64%, and imports were USD 34.70 million, a decrease of 35.28% (see the attached tables for details).
Table 1: Export Value of Vietnamese Raw Silk Products to Major Markets (January – August 2024)
Unit: USD 10,000
| No. | Partner Country/Region | Export Value | Market Share (%) | Year-on-Year (%) |
| – | Global | 8340.02 | 100.00 | -0.64 |
| 1 | India | 5167.58 | 61.96 | -7.86 |
| 2 | Japan | 1581.15 | 18.96 | 13.61 |
| 3 | Laos | 805.24 | 9.66 | 40.68 |
| 4 | Thailand | 238.05 | 2.85 | 65.12 |
| 5 | China | 125.37 | 1.50 | -12.21 |
| 6 | Hong Kong, China | 121.36 | 1.46 | -39.82 |
| 7 | Cambodia | 102.63 | 1.23 | – |
| 8 | Taiwan, China | 22.62 | 0.27 | 32.13 |
| 9 | Unspecified | 176.01 | 2.11 | -43.12 |
(Data Source: GTF)
Table 2: Export Quantity and Unit Price of Vietnamese Raw Silk to Major Markets (January – August 2024)
Quantity Unit: Ton
Unit Price: USD/Kg
| No. | Country/Region | Export Quantity | Year-on-Year (%) | Share (%) | Unit Price | Year-on-Year (%) |
| – | Global | 1568.61 | -5.00 | 100.00 | 53.17 | 4.59 |
| 1 | India | 812.31 | -8.66 | 51.79 | 63.62 | 0.99 |
| 2 | China | 199.84 | -3.55 | 12.74 | 6.27 | -8.98 |
| 3 | Laos | 184.42 | 37.90 | 11.76 | 43.66 | 2.02 |
| 4 | Japan | 174.56 | -12.84 | 11.13 | 90.58 | 30.35 |
| 5 | Thailand | 99.83 | 44.27 | 6.36 | 23.85 | 14.45 |
| 6 | Cambodia | 20.55 | – | 1.31 | 49.94 | – |
| 7 | Hong Kong, China | 18.97 | -40.06 | 1.21 | 63.99 | 0.41 |
| 8 | Taiwan, China | 3.60 | 31.12 | 0.23 | 62.76 | 0.77 |
| 9 | Unspecified | 54.52 | -48.51 | 3.48 | 32.28 | 10.48 |
(Data source: China Custom)
Import
Table 3: Import Value of Vietnam’s Raw Silk Products from Major Sources (January – August 2024)
Unit: USD 10,000
| No. | Partner Country/Region | Import Value | Share (%) | Year-on-Year (%) |
| – | Global | 3470.07 | 100.00 | -35.28 |
| 1 | China | 2873.30 | 82.80 | -37.84 |
| 2 | Uzbekistan | 304.35 | 8.77 | -47.87 |
| 3 | India | 277.80 | 8.01 | 906.35 |
| 4 | Japan | 12.60 | 0.36 | 97.26 |
| 5 | Brazil | 1.92 | 0.06 | -98.32 |
| 6 | Italy | 0.08 | 0.00 | -89.02 |
| (Data Source: GTF) |
Table 4: Import Quantity and Unit Price of Vietnam’s Raw Silk from Major Sources (January – August 2024)
Quantity Unit: Ton
Unit Price: USD/Kg
| No. | Country/Region | Import Quantity | Year-on-Year (%) | Share (%) | Unit Price | Year-on-Year (%) |
| – | Global | 598.40 | -35.27 | 100.00 | 57.99 | -0.01 |
| 1 | China | 437.73 | -41.54 | 73.15 | 65.27 | 5.73 |
| 2 | Uzbekistan | 64.03 | -54.66 | 10.70 | 47.53 | 14.99 |
| 3 | India | 82.76 | 963.01 | 13.83 | 33.57 | -5.33 |
| 4 | Japan | 3.43 | -39.22 | 0.57 | 36.77 | 224.66 |
| 5 | Brazil | 0.35 | -98.14 | 0.06 | 55.00 | -9.51 |
| (Data Source: GTF) |
(Note: esilk.net statement: The publication of this article aims to provide more industry information, and the content is for reference only.)
The article paints a nuanced picture of Vietnam’s silk trade, with steady exports but challenges in imports. While market diversification and increased unit prices are positive signs, reliance on key markets and supply disruptions could hinder growth. Strategic actions in market expansion and quality focus could help strengthen Vietnam’s position in the global silk industry.
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