Furniture: of some materials (other than bamboo or rattan)940389 (Harmonized System 2007 for 6-digit)
2021 World Trade: $3.98B, Rnk 893 / 5025
2021 Top Exporter | Top Importer: $2.24B | $1.35B, China | United States
2021 Product Complexity: -0.65, Rnk 3694 / 5033
2020 - 2021 Export Growth (CAGR): 34.5%, Rnk 1119 / 5025
2018 Mean Tariff: 21.2%, Rnk 498 / 6538
2021 Share of World Trade: 0.019%, Rnk 893 / 5025
Overview This page contains the latest trade data of Furniture: of some materials (other than bamboo or rattan). In 2021, Furniture: of some materials (other than bamboo or rattan) were the world's 893rd most traded product, with a total trade of $3.98B. Between 2020 and 2021 the exports of Furniture: of some materials (other than bamboo or rattan) grew by 34.5%, from $2.96B to $3.98B. Trade in Furniture: of some materials (other than bamboo or rattan) represent 0.019% of total world trade.
Furniture: of some materials (other than bamboo or rattan) are a part of Furniture and parts thereof, n.e.c. in chapter 94.
Exports In 2021 the top exporters of Furniture: of some materials (other than bamboo or rattan) were China ($2.24B), Italy ($361M), Vietnam ($306M), Malaysia ($114M), and India ($97.8M).
Imports In 2021 the top importers of Furniture: of some materials (other than bamboo or rattan) were United States ($1.35B), Malaysia ($137M), Netherlands ($132M), Australia ($131M), and Saudi Arabia ($130M).
Tariffs In 2018 the average tariff for Furniture: of some materials (other than bamboo or rattan) was 21.2%, making it the 498th lowest tariff using the HS6 product classification.
Ranking Furniture: of some materials (other than bamboo or rattan) ranks 3694th in the Product Complexity Index (PCI).
The following visualization shows the latest trends on Furniture: of some materials (other than bamboo or rattan). 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 (2021): China, $2.24B
Top Destination (2021): United States, $1.35B
Furniture: of some materials (other than bamboo or rattan) are the world's 893rd most traded product.
In 2021, the top exporters of Furniture: of some materials (other than bamboo or rattan) were China ($2.24B), Italy ($361M), Vietnam ($306M), Malaysia ($114M), and India ($97.8M).
In 2021, the top importers of Furniture: of some materials (other than bamboo or rattan) were United States ($1.35B), Malaysia ($137M), Netherlands ($132M), Australia ($131M), and Saudi Arabia ($130M).
Trade by country
Top Origin Growth (2020 - 2021): China, $636M
Top Destination Growth (2020 - 2021): United States, $325M
Between 2020 and 2021, the exports of Furniture: of some materials (other than bamboo or rattan) grew the fastest in China ($636M), Italy ($74.7M), Vietnam ($73.4M), South Korea ($32.3M), and India ($22.8M).
Between 2020 and 2021, the fastest growing importers of Furniture: of some materials (other than bamboo or rattan) were United States ($325M), Australia ($80.5M), Netherlands ($77.8M), Malaysia ($53.9M), and United Arab Emirates ($36M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Furniture: of some materials (other than bamboo or rattan).
In 2021, market concentration measured using Shannon Entropy, was 2.9. This means that most of the exports of Furniture: of some materials (other than bamboo or rattan) are explained by 7 countries.
TOP NET EXPORTER (2021): China, $2.18B
TOP NET IMPORTER (2021): United States, $1.28B
This map shows which countries export or import more of Furniture: of some materials (other than bamboo or rattan). Each country is colored based on the difference in exports and imports of Furniture: of some materials (other than bamboo or rattan) during 2021.
In 2021, the countries that had a largest trade value in exports than in imports of Furniture: of some materials (other than bamboo or rattan) were China ($2.18B), Italy ($324M), Vietnam ($260M), Poland ($60.8M), and Turkey ($39.6M).
In 2021, the countries that had a largest trade value in imports than in exports of Furniture: of some materials (other than bamboo or rattan) were United States ($1.28B), Australia ($129M), Saudi Arabia ($129M), Netherlands ($105M), and Japan ($102M).
This visualization shows the countries that have an important ratio of their trade related to Furniture: of some materials (other than bamboo or rattan). It is possible to select the main countries that export or import Furniture: of some materials (other than bamboo or rattan) 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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