silk trade

China is the birthplace of mulberry silk. More than 4,000 years ago, Leizu, a great female from ancient China, invented the cultivation technology of mulberries and silkworms and spread the technology after studying their living habits.

Silk is one of the few advantageous export commodities that China has a monopoly position in the international market. Among silk export commodities, raw material is the most advantageous one. Today China has already been the world's largest silk producer and exporter. Raw silk production of China accounts for more than 70% of the world's total output and raw silk exports of China accounts for more than 80% of the world's trade.

The quality of raw silk is divided into seven grades of 6A, 5A, 4A, 3A, 2A, A and extra grade according to the comprehensive results of technical indicators of quality and appearance quality of the tested raw silk. For foreign trade exports, raw silk of 6A grade is mainly exported to European countries; low grade silk of 3A grade is mainly exported to India.

Import and export of silk commodities in 28 countries from EU in September 2018

According to Eurostat, the trade volume of silk merchandise in September was 1.184 billion US dollars, up 13.27% from the previous month and up 6.5% from the same period of last year. Among them, the import value was 670 million US dollars, an increase of 11.46% from the previous month and a year-on-year increase of 2.82%; the export value was 515 million US dollars, an increase of 15.71% from the previous month and a year-on-year increase of 11.69%. The composition for detailed products is as follows:

Imports: The amount of silk was 289.959 million US dollars, up 87.77% from the previous month, up 87.17% from the same period of last year; the number was 498 tons, up 87.22% from the previous month and up 58.6% from the same period of last year; the amount of satin was 77.530 million US dollars, up 15.06% from the previous month and up 5.91% from the same period of last year; the amount of finished products was 563 million US dollars, an increase of 8.71% from the previous month and a year-on-year increase of 0.1%.

Exports: The amount of silk was 1.057 million US dollars, up 55.17% from the previous month, up 26.13% from the same period of last year; the number was 40 tons, up 344.44% from the previous month and up 90.48% from the same period of last year; the amount of satin was 80.465 million US dollars, up 19.15% from the previous month and up 4.19% from the same period of last year; the amount of finished products was 433 million US dollars, an increase of 15.02% from the previous month and a year-on-year increase of 13.17%.