Furniture94 (Harmonized System 1992 for 2-digit)
2020 World Trade: $249B, Rnk 13 / 96
2020 Top Exporter | Top Importer: $97.1B | $61.7B, China | United States
2020 Product Complexity: 0.93, Rnk 21 / 96
2019 - 2020 Export Growth (CAGR): -3.43%, Rnk 38 / 96
2018 Mean Tariff: 13.4%, Rnk 29 / 96
2020 Share of World Trade: 1.49%, Rnk 13 / 96
Overview This page contains the latest trade data of Furniture. In 2020, Furniture were the world's 13th most traded product, with a total trade of $249B. Between 2019 and 2020 the exports of Furniture decreased by -3.43%, from $258B to $249B. Trade in Furniture represent 1.49% of total world trade.
Furniture are a part of Miscellaneous. They include Furniture.
Exports In 2020 the top exporters of Furniture were China ($97.1B), Germany ($15.7B), Poland ($14.3B), Vietnam ($12.8B), and Italy ($12B).
Imports In 2020 the top importers of Furniture were United States ($61.7B), Germany ($22.7B), France ($12.4B), United Kingdom ($11B), and Canada ($8.68B).
Tariffs In 2018 the average tariff for Furniture was 13.4%, making it the 29th lowest tariff using the HS2 product classification.
Ranking Furniture ranks 21st in the Product Complexity Index (PCI).
The following visualization shows the latest trends on Furniture. Countries are shown based on data availability.
For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.
* Using January 2020 exchange rates when trade data is reported in local currency.
Trade By Country
Top Origin (2020): China, $97.1B
Top Destination (2020): United States, $61.7B
Furniture are the world's 13th most traded product.
In 2020, the top exporters of Furniture were China ($97.1B), Germany ($15.7B), Poland ($14.3B), Vietnam ($12.8B), and Italy ($12B).
In 2020, the top importers of Furniture were United States ($61.7B), Germany ($22.7B), France ($12.4B), United Kingdom ($11B), and Canada ($8.68B).
Trade by country
Top Origin Growth (2019 - 2020): Vietnam, $2.61B
Top Destination Growth (2019 - 2020): Germany, $678M
Between 2019 and 2020, the exports of Furniture grew the fastest in Vietnam ($2.61B), Malaysia ($389M), Indonesia ($309M), Cambodia ($286M), and Thailand ($267M).
Between 2019 and 2020, the fastest growing importers of Furniture were Germany ($678M), Saudi Arabia ($483M), South Korea ($441M), Vietnam ($406M), and Australia ($370M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Furniture.
In 2020, market concentration measured using Shannon Entropy, was 4.01. This means that most of the exports of Furniture are explained by 16 countries.
TOP NET EXPORTER (2020): China, $94.3B
TOP NET IMPORTER (2020): United States, $54B
This map shows which countries export or import more of Furniture. Each country is colored based on the difference in exports and imports of Furniture during 2020.
In 2020, the countries that had a largest trade value in exports than in imports of Furniture were China ($94.3B), Vietnam ($10.2B), Poland ($9.81B), Italy ($8.29B), and Mexico ($6.45B).
In 2020, the countries that had a largest trade value in imports than in exports of Furniture were United States ($54B), France ($8.81B), United Kingdom ($7.85B), Japan ($7.12B), and Germany ($7.07B).
In 2020, the world most traded Furniture, disaggragated by their HS6 level were Furniture ($249B)
This visualization shows the countries that have an important ratio of their trade related to Furniture. It is possible to select the main countries that export or import Furniture in the world, or by continent, as well as select the measure of interest.
The Complexity-Relatedness diagram compares the risk and the strategic value of a product's potential export opportunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth potential, lower income inequality, and lower emissions.
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