Analysis and Studies - Products analysis

Raw silk: import and export

Raw silk, also known as silk in its natural state, is a high-quality and luxurious textile material derived from the cocoon of the silkworm, scientifically known as Bombyx mori. It is one of the most prized natural fibers in the textile industry, renowned for its softness, sheen, and exceptional draping qualities.

Raw silk is used in a wide range of textile products, including clothing (such as dresses, suits, and blouses), accessories (like scarves and ties), and home furnishings (such as curtains and upholstery). It is often favored for its natural and organic appeal. Silk production, including raw silk, is generally considered sustainable compared to synthetic fabrics. Silkworms feed on mulberry leaves, and the production process requires relatively fewer chemicals and resources than some other textiles.

In 2021, Raw Silk was ranked as the 1110th most traded commodity globally, registering a total trade value of $269 million. Over the course of one year, from 2020 to 2021, Raw Silk exports increased by 9.55%, climbing from $245 million to $269 million. Raw Silk trade contributed a mere 0.0013% to the overall global trade volume.

During 2021, China stood as the leading exporter of Raw Silk, with exports valued at $112 million. Vietnam followed closely with $70.5 million in exports, trailed by Italy with $27.6 million, Uzbekistan with $17.2 million, and Brazil with $17 million.

In the same year, the primary importers of Raw Silk were India, importing $108 million worth, followed by Romania at $37.3 million, Italy at $35.4 million, Vietnam at $16.1 million, and Japan at $11.6 million in imports.

SkyMinder: Know Your Business Partner

SkyMinder is the business information platform powered by CRIF, giving access to in-depth credit and financial data on companies all over the world. Thanks to our international presence and long-standing experience with local information providers, every country is available on SkyMinder, without data accessibility limits or updating issues. If you are evaluating the possibility of doing business with a company in this industry, SkyMinder can help you assess your potential partner.

Discover more about our solutions and don't hesitate to contact us!