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SILK
EXPORTS AND IMPORTS REVIEW APRIL 2004 |
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EXPORTS DURING
2004-05 |
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About 30%
of Indian out put of all types of silk goods is exported,
though India has a large domestic market for silk products
within the country itself.
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India's exports consist
exclusively of Dress Materials, Readymade garments, Sarees
and Made-up articles for interior decoration (e.g., Bed spreads,
Cushion covers, Curtains and Carpets etc.). Though India is
the second largest producer of raw silk in the World and biggest
importer of raw silk, it’s share in the global silk
export trade still continues to be fairly insignificant. However,
it does not mean that Indian silk products could not have
a higher market share in some specific product groups. The
demand for traditional Indian dupion silk fabrics has increased
in international market. The silk garment exports are increasing
significantly from 1999-2000 onwards. The value of silk garment
exports during the year 1999-2000 was 86.22 Mn. US$ (Rs. 373.73
crore) which has increased to 163.42 Mn. US$ (Rs. 751.07 crore)
during 2003-04, indicating an increase of 89.5 and 101% in
dollar and rupee terms, respectively.
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Silk exports of the country
has satisfactorily progressed from the year 1999-2000 onwards.
In 1999-2000, the total value of silk export earnings was
around 405 Mn. US$ (Rs. 1755.55 crore). The provisional silk
export earnings during the year 2003-04 was around 560.60
Mn. US$ (Rs. 2576.52 crore) compared to the export earnings
of 474.08 Mn. US$ (Rs. 2294.05 crore) in the year 2002-03.
The growth rate of export earnings during the year 2003-04
over the year 2002-03 were 18.3% and 12.3% in dollar and rupee
terms respectively. |
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India's export trade
is highly concentrated with 10 leading buyers around the world
viz., USA, U.K., Hong Kong, German P Rep, Italy, France, Spain,
Saudi Arabia, Singapore etc. The share of total Indian exports
by these countries is around 80%. |
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REVIEW OF SILK
EXPORTS DURING APRIL 2004 |
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In anticipation of revival
of demand for silk in World market, the Ministry of Textiles
has anticipated that the value of silk export earnings will
reach around 600 Mn. US$ (Rs. 2650 crore) during the year
2004-05. |
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The data of silk export
earnings during the month of April, 2004 compared to corresponding
month of the year 2003-04 is given in the Table -I. |
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TABLE-I : TOTAL EXPORT
EARNINGS OF SILK ITEMS
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(Value : Crore Rs. / Million US $) |
Itemwise
exports |
April
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% Increase /Decrease |
2004 |
2003 |
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Rs.
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US$
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Rs.
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US$
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Rs.
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US$
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Natural Silk Yarn,
Fabrics, Madeups |
125.49 |
28.57 |
119.95 |
25.32 |
4.6 |
12.8 |
Readymade Garments
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72.26 |
16.44 |
42.85 |
9.04 |
68.6 |
81.9 |
Silk Carpet |
7.02 |
1.60 |
10.76 |
2.27 |
-34.8 |
-29.6 |
Silkwaste |
0.11 |
0.03 |
0.28 |
0.06 |
-60.7 |
-57.6 |
Total
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204.88 |
46.64 |
173.84 |
36.69 |
17.9 |
27.1 |
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During April, 2004 the worth of export earnings
was 46.64 Mn. US$ (Rs. 204.88 crore) against the export earnings
of 36.69 Mn. US$ (Rs. 173.84 crore) during April, 2003 and indicating
an increase of 27.1% in Dollar terms (17.9% in Rupee terms)
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COUNTRYWISE SILK EXPORTS :- |
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USA, U.K., U.A.E., Italy and Malaysia are
the top five countries importing Indian silk goods in value
terms during the month of April of the year 2004-05 and accounted
for 25.9%, 10.6%, 7.7%, 6.7% and 6.1% respectively of total
export earnings. They altogether accounted export worth for
26.59 Mn. US$ (Rs. 116.86 crore) against the total export
of 17.36 Mn. US$ (Rs. 82.23 crore). The country-wise provisional
silk export earnings during the month April of the year 2004-05
along with the data of corresponding month of the year 2003-04
are shown in Table -II. |
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TABLE-II: COUNTRYWISE
SILK EXPORT EARNINGS |
(Value : Crore Rs. /
Million US $) |
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April |
Country Share
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Country + |
2004
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2003
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2004
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2003
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Rs.
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US$
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Rs.
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US$
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Rs. |
US$ |
U.S.A. |
53.03 |
12.07 |
51.10 |
10.79 |
25.9 |
29.4 |
U.K. |
21.70 |
4.94 |
12.69 |
2.68 |
10.6 |
7.3 |
U.A.E. |
15.83 |
3.60 |
7.08 |
1.49 |
7.7 |
4.1 |
| ITALY |
13.81 |
3.14 |
11.00 |
2.32 |
6.7 |
6.3 |
| MALAYSIA |
12.49 |
2.84 |
0.36 |
0.08 |
6.1 |
0.2 |
GERMAN P. REP |
12.06 |
2.75 |
12.92 |
2.73 |
5.9 |
7.4 |
| SAUDI ARABIA |
9.25 |
2.11 |
2.89 |
0.61 |
4.5 |
1.7 |
| FRANCE |
7.31 |
1.66 |
4.35 |
0.92 |
3.6 |
2.5 |
| SPAIN |
6.97 |
1.59 |
5.70 |
1.20 |
3.4 |
3.3 |
| SINGAPORE |
5.65 |
1.29 |
4.22 |
0.89 |
2.8 |
2.4 |
HONG KONG |
5.14 |
1.17 |
17.43 |
3.68 |
2.5 |
10.0 |
CANADA |
3.63 |
0.83 |
2.95 |
0.62 |
1.8 |
1.7 |
BELGIUM |
2.69 |
0.61 |
1.44 |
0.30 |
1.3 |
0.8 |
KOREA RP |
2.54 |
0.58 |
1.87 |
0.39 |
1.2 |
1.1 |
AUSTRALIA |
2.48 |
0.56 |
1.91 |
0.40 |
1.2 |
1.1 |
| AFGHANISTAN |
2.21 |
0.50 |
0.05 |
0.01 |
1.1 |
0.0 |
| GREECE |
1.88 |
0.43 |
1.65 |
0.35 |
0.9 |
1.0 |
| JAPAN |
1.85 |
0.42 |
1.03 |
0.22 |
0.9 |
0.6 |
PORTUGAL |
1.64 |
0.37 |
1.15 |
0.24 |
0.8 |
0.7 |
| NETHERLAND |
1.32 |
0.30 |
4.23 |
0.89 |
0.6 |
2.4 |
OTHERS |
21.40 |
4.88 |
27.82 |
5.87 |
10.4 |
16.0 |
Total |
204.88 |
46.64 |
173.84 |
36.69 |
100.0 |
100.0 |
+ Refers to top 10 importing
countries |
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ITEMWISE ANALYSIS |
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(I) Natural Silk
Yarn, Fabric, Made-ups etc.: Natural Silk Yarn, Fabrics,
Made-ups etc. account for 61.3% approximately to the total
silkgoods exports. During the month April of the year 2004-05,
this segment exports was 28.57 Mn. US$ (Rs. 125.49 crore)
which showed an increase of 12.8% in Dollar terms (4.6% in
Rupee terms) as compared to corresponding month of the year
2003-04 i.e., 25.32 Mn. US$ (Rs. 119.95 crore). The major
importing countries are U.S.A., U.K., Italy, German P Rep,
U.A.E., Saudi Arabia, Singapore, Spain and Hong Kong. |
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(II) Ready-made
Garments: Readymade Garments account for 35.3% approximately
to the total silkgoods exports. They too are also high value
added items. Ready-made Garments recorded an export earning
of 16.44 Mn. US$ (Rs. 72.26 crore) during the month of April
for the year 2004-05 which showed an increase of 81.9% in
Dollar terms (68.6% in Rupee terms), when compared to the
same month of the year 2003-04 which amounted to 9.04 Mn.
US$ (Rs. 42.85 crore). The major importing counties are U.S.A.,
Malaysia, U.A.E., U.K., Italy, German P Rep, France, Saudi
Arabia, Spain and Canada. |
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(III) Silk Carpets: Silk carpets accounted
for 3.4% approximately to the total silk goods exports. This
segment recorded export earnings 1.6 Mn.US$
(Rs. 7.02 crore) during the month of the year 2004-05 compared
to 2.27 Mn. US$ (Rs. 10.76 crore) for the same month in the
year 2003-04. The major importing countries are U.S.A., U.K.,
German P Rep, Oman and Italy.
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(IV) Silk-waste: Silk-waste, which is the
raw material for the spun silk was also exported in large
quantities during last few years. But the export of the same
had shown a very significant decline during 2003-04 as a result
of which domestic prices of the same has also come down. Export
of silk waste during the month of April of the yarn 2004-05
was 0.03 Mn. US$ (Rs. 0.11 crore) compared to 0.06 Mn. US$
(Rs. 0.28 crore) for the same month in the
year 2003-04 indicating a significant decline of 57.6% in
dollar terms (60.7% in Rupee terms). The major importing countries
are Thailand and Srilanka.
Export of silk waste and its by products
during April month of the year 2004-05 compared to the corresponding
month of the year 2003-04 are shown in the Table-III. |
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TABLE-III
: EXPORT OF SILKWARE |
| Period (April) |
Quantity |
Value |
(MT) |
(Crore Rs.) |
(Mn. Us $) |
| 2004-05 |
4.927 |
0.11 |
0.03 |
| 2003-04 |
10.135 |
0.28 |
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REGIONWISE SILK EXPORTS |
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Region-wise silk export performance during
the month of April, 2004 along with corresponding data of the
April, 2003 is shown in Table-IV
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TABLE-IV: REGIOMWISE SILK
EXPORT EARNINGS
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(Qty.:
MT, Value: Crore Rs. / Million US $) |
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MARCH
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% Increase/Decrease |
2004
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2003 |
| Rs. |
US$ |
Rs. |
US$ |
Rs. |
US$ |
| WEST EUROPE |
73.07 |
16.63 |
57.57 |
12.15 |
26.9 |
36.9 |
| U.S.A.& OTHERS |
57.62 |
13.12 |
55.13 |
11.64 |
4.5 |
12.7 |
| ASIA |
62.12 |
14.15 |
44.45 |
9.38 |
39.8 |
50.7 |
| JAPAN & OTHERS |
4.50 |
1.02 |
3.12 |
0.66 |
44.2 |
55.6 |
| AFRICA |
4.98 |
1.13 |
11.07 |
2.34 |
-55.0 |
-50.5 |
| EAST EUROPE |
2.59 |
0.59 |
2.50 |
0.52 |
3.6 |
11.7 |
| TOTAL |
204.88 |
46.64 |
173.84 |
36.69 |
17.9 |
27.1 |
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It is observed from data shown in Table-IV, West Europe (35.7%)
appeared to the prominent region for Indian silk export followed
by Asian Countries (30.3%), USA & others (28.1%) and others
(5.9%) during the month of April of the year 2004-05.
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PORT-WISE EXPORTS |
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Export earnings through the nine major ports viz., Bangalore,
Kolkata, Mumbai, Chennai, Delhi, Tuticorin Sea, Srinagar air
and Nhava Sheva Sea is accounted to 39.31 Mn. US$ (Rs. 172.7
crore) [84.3%] against the total export earnings of 46.64
Mn. US$ (Rs. 204.88 crore) during the April month of the year
2004-05, comparatively during same month of the year 2003-04,
it was 30.97 Mn. US$ (Rs. 146.74 crore) [92.8%] against the
total export earnings of 36.69 Mn. US$ (Rs. 173.84 crore).
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REVIEW OF SILK IMPORTS |
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For the expansion of
exports of silk products from this Country, efforts are also
being made to increase domestic production of raw silk and
silk yarn since the current raw silk out put falls short of
demand. In order to satisfy the growing demand for silk and
in order to increase production of high quality silk goods
especially lighter weight clothing such as blouses, shirts,
dresses, sarees etc., which are meant for export by the leading
exporters of the Country who are entirely dependant on imports
for their raw material, Government of India has allowed imports
of Bivoltine raw silk and silk yarn in to the country.
Data on import of raw silk and silk yarn & fabrics during
April month of the year 2004-05 along with corresponding data
of the year 2003-04 is given in Table-V..
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TABLE-V: IMPORT
OF RAW SILK, SILK YARN & FABRICS |
(Qty.: MT, Value: Crore
Rs. / Million US $) |
Itemwise
import
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April |
%
Increase /Decrease
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2004
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2003 |
Qty.
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Value |
Qty.
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Value |
Qty.
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Rs. |
US$ |
Rs. |
US$ |
| Raw Silk |
680 |
42.15 |
9.59 |
639 |
41.67 |
8.79 |
6.4 |
| Silk Yarn & Fabrics |
N.A |
40.29 |
9.17 |
N.A |
24.84 |
5.24 |
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82.44 |
18.76 |
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66.51 |
14.03 |
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Quantum of import of raw silk country wise during the month
of April of the year 2004-05 compared to the same month of
the year 2003-04 is given in Table-VI. As could be seen from
the table there is an increase of 6.4% in the quantum of rawsilk
import in the month of April 2004 as compared to April 2003.
TABLE-VI:
IMPORT OF RAW SILK |
(Qty.:
MT, Value: Crore Rs. / Million US $) |
Country |
April |
2004 |
2002-03 |
Qty. |
Value |
Qty. |
Value |
Rs. |
US$ |
Rs. |
US$ |
China
P. Republic |
607
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36.62
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7.97
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455
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31.60
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6.53
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Switzerland |
37
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3.24
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0.70
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137
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7.24
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1.50
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Japan |
22
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1.47
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0.32
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- |
- |
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Korea
R P |
6 |
0.35
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0.08
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10
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0.60
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0.12
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Uzbekistan
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6 |
0.31
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0.07
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- |
- |
- |
Others |
2 |
0.16
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0.03
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37
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2.23
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0.46
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TOTAL |
680 |
42.15 |
9.17 |
639 |
41.67 |
8.61 |
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Further, it indicates that 607 MT (89%) of raw silk, out of
680 MT imported during the month April, 2004 was imported
from China P Republic only. Total expenditure incurred on
import of raw silk including silk yarn and fabrics during
the month of April, 2004 was 18.76 Mn. US$ (Rs. 82.44 crore)
and the expenditure incurred on import during the same month
of the 2003-04 was 14.03 Mn. US$ (Rs. 66.51 crore), indicating
in increase of 33.7% in Dollar terms (24.0% in Rupee terms).
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Source: Foreign Trade Statistics of India (Principal Commodities
& Countries), DGCI & S, Kolkata. (Provisional Fingures)
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