Furniture parts nes940390 (Harmonized System 1992 for 6-digit)
2021 World Trade: $18.8B, Rnk 179 / 4641
2021 Top Exporter | Top Importer: $5.45B | $4.15B, China | United States
2021 Product Complexity: 0.38, Rnk 1888 / 4648
2020 - 2021 Export Growth (CAGR): 22.1%, Rnk 2109 / 4641
2018 Mean Tariff: 13%, Rnk 1535 / 6538
2021 Share of World Trade: 0.089%, Rnk 179 / 4641
Overview This page contains the latest trade data of Furniture parts nes. In 2021, Furniture parts nes were the world's 179th most traded product, with a total trade of $18.8B. Between 2020 and 2021 the exports of Furniture parts nes grew by 22.1%, from $15.4B to $18.8B. Trade in Furniture parts nes represent 0.089% of total world trade.
Furniture parts nes are a part of Other Furniture.
Exports In 2021 the top exporters of Furniture parts nes were China ($5.45B), Italy ($2.26B), Germany ($1.73B), Vietnam ($1.21B), and Poland ($1.07B).
Imports In 2021 the top importers of Furniture parts nes were United States ($4.15B), Germany ($1.99B), United Kingdom ($1.05B), France ($1.03B), and Canada ($609M).
Tariffs In 2018 the average tariff for Furniture parts nes was 13%, making it the 1535th lowest tariff using the HS6 product classification.
Ranking Furniture parts nes ranks 1888th in the Product Complexity Index (PCI).
Description The legs of a table will not only be the means of keeping it upright, but will also provide the necessary height for the table to be the correct height for people. The stretchers beneath a table will also provide stability and support, as well as a flat surface to put objects on. The top of a table will be the surface on which food and drink will be placed. The back of a chair will support the back of the person sitting in it, while the arms of a chair will provide a surface for a person to grip onto. The seat of a chair will provide a surface
The following visualization shows the latest trends on Furniture parts nes. 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, $5.45B
Top Destination (2021): United States, $4.15B
Furniture parts nes are the world's 179th most traded product.
In 2021, the top exporters of Furniture parts nes were China ($5.45B), Italy ($2.26B), Germany ($1.73B), Vietnam ($1.21B), and Poland ($1.07B).
In 2021, the top importers of Furniture parts nes were United States ($4.15B), Germany ($1.99B), United Kingdom ($1.05B), France ($1.03B), and Canada ($609M).
Trade by country
Top Origin Growth (2020 - 2021): China, $1.01B
Top Destination Growth (2020 - 2021): United States, $680M
Between 2020 and 2021, the exports of Furniture parts nes grew the fastest in China ($1.01B), Italy ($383M), Germany ($289M), Vietnam ($212M), and Poland ($178M).
Between 2020 and 2021, the fastest growing importers of Furniture parts nes were United States ($680M), Germany ($280M), United Kingdom ($248M), France ($221M), and Mexico ($142M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Furniture parts nes.
In 2021, market concentration measured using Shannon Entropy, was 4.09. This means that most of the exports of Furniture parts nes are explained by 17 countries.
TOP NET EXPORTER (2021): China, $5.26B
TOP NET IMPORTER (2021): United States, $3.68B
This map shows which countries export or import more of Furniture parts nes. Each country is colored based on the difference in exports and imports of Furniture parts nes during 2021.
In 2021, the countries that had a largest trade value in exports than in imports of Furniture parts nes were China ($5.26B), Italy ($1.9B), Vietnam ($971M), Poland ($599M), and Lithuania ($362M).
In 2021, the countries that had a largest trade value in imports than in exports of Furniture parts nes were United States ($3.68B), United Kingdom ($913M), France ($824M), Japan ($416M), and Australia ($333M).
This visualization shows the countries that have an important ratio of their trade related to Furniture parts nes. It is possible to select the main countries that export or import Furniture parts nes 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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