1. US imports of silk products from China in June
According to the statistics of the U.S. Department of Commerce, the import value of silk products from China in June was US$122 million, a year-on-year decrease of 31.42%, and a month-on-month increase of 0.69%, accounting for 32.53% of global imports. The year-on-year decline expanded and the proportion continued to increase.
The details are as follows:
Silk: imports from China amounted to US$928,900, a year-on-year increase of 41.75%, and a month-on-month increase of 174.27%, with a market share of 56.64%, still ranking first in the source of imports; the import volume was 15.54 tons, a year-on-year decrease of 22.45%, and a month-on-month increase of 27.31%, The market share is 61.71%.
Silk and satin: imports from China amounted to US$3.1593 million, a year-on-year decrease of 35.96% and a month-on-month decrease of 18.77%, with a market share of 19.59%, still ranking second in the import source, with a slight decrease in the proportion.
Manufactured products: imports from China amounted to US$118 million, a year-on-year decrease of 31.57%, a month-on-month increase of 0.84%, and a market share of 33.01%.
2. From January to June, the United States imported silk products from China
From January to June 2023, the United States imported US$720 million of silk products from China, a year-on-year decrease of 26.48%, accounting for 27.41% of global imports, ranking first in the source of silk product imports in the United States. Where:
Silk: Imported from China was 2.8813 million US dollars, a year-on-year increase of 16.41%, with a market share of 38.17%, ranking first in the import source of silk; the volume was 73.12 tons, a year-on-year increase of 17.09%, and a market share of 51.73%.
Silk and satin: imports from China amounted to US$19.1063 million, a year-on-year decrease of 34.26%, with a market share of 18.76%, ranking second in the import source of silk and satin.
Manufactured products: imports from China amounted to US$699 million, a year-on-year decrease of 26.35%, with a market share of 27.73%, ranking first in the source of imports.
3. Situation of US importing silk products from China subject to 10% tariff
Since 2018, the United States has imposed a 10% import tariff on cocoon silk and satin products with 25 8-digit customs codes from China. It includes 1 silkworm cocoon, 7 silk items (actually including 8 10-digit codes), and 17 silk and satin items (actually including 37 10-digit codes).
1. In June, the United States imported silk products from China that were subject to additional tariffs
In June, the United States imported 1.516 million US dollars of silk products from China that were subject to a 10% tariff, a year-on-year decrease of 1.52% and a month-on-month increase of 182.31%. The market share is 25.57%, which is the first time since this year that the share has rebounded and has a large range.
The details are as follows:
Silkworm cocoons: Imported from China is zero.
Silk: imports from China amounted to US$928,900, a year-on-year increase of 41.75%, and a month-on-month increase of 174.27%, with a market share of 56.64%, still ranking first in the source of imports; the import volume was 15.54 tons, a year-on-year decrease of 22.45%, and a month-on-month increase of 27.31%, The market share is 61.71%.
Silk and satin: imports from China amounted to US$587,100, a year-on-year decrease of 33.60%, a month-on-month increase of 196.04%, and the market share rose to 13.69%. The volume was 79,500 square meters, a year-on-year decrease of 29.19%.
2. From January to June, the United States imported tariffs on silk products from China
From January to June, the United States imported 6.017 million US dollars of silk products subject to 10% tariffs from China, a year-on-year decrease of 21.57%, with a market share of 17.65%, ranking third among import sources. Where:
Silkworm cocoons: Imported from China is zero.
Silk: Imported from China was 2.8813 million US dollars, a year-on-year increase of 16.41%, with a market share of 38.17%, ranking first in the import source of silk; the volume was 73.12 tons, a year-on-year increase of 17.09%, and a market share of 51.73%.
Silk and satin: imports from China amounted to US$3,135,700, a year-on-year decrease of 39.65%, with a market share of 11.81%, ranking fourth in the source of imports. The volume was 408,200 square meters, a year-on-year decrease of 31.70%.
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