HS Code:
The category 'Other fabrics, containing 85 percent or more by weight of silk or of silk waste other than noil silk' (HS Code: 5007.20) includes woven fabrics made predominantly of silk or silk waste, excluding noil silk. These fabrics are often used in high-end apparel, luxury textiles, and specialty home decor due to their unique texture, sheen, and durability. This category represents a niche but valuable segment of the global textile market, driven by demand in fashion and cultural applications.
Total Trade Volume
USD 1.2 billion
Data from 2022
Source
United Nations Comtrade Database
Average Rate
8.5%
Highest Rate
15% (applied by certain developing countries to protect local textile industries)
Lowest Rate
0% (under free trade agreements such as EU-Japan EPA)
Growing demand for sustainable and natural fibers
Increased interest in silk as an eco-friendly luxury material, boosting exports from major producers like China and India
2021-2022
Shift toward premium fashion markets
Higher demand in Western Europe and North America for silk fabrics in haute couture and designer apparel
2020-2022
Technological advancements in silk processing
Improved production efficiency and quality, particularly in China, leading to competitive pricing
2019-2022
A bilateral agreement aimed at reducing tariffs on silk fabrics was signed, facilitating smoother trade between the EU and China.
March 2023
Expected to increase Chinese silk fabric exports to Europe by 10-15% over the next two years
The Indian government launched a subsidy program to boost silk fabric exports, targeting small and medium enterprises.
January 2023
Likely to enhance India's global market share, especially in the US and Middle East markets
New international guidelines on sustainable silk farming and processing were introduced by the International Sericulture Commission.
October 2022
May increase production costs but improve market access to eco-conscious regions like the EU