Furniture parts nes940390 (Harmonized System 1992 for 6-digit)
2020 World Trade: $15.4B, Rnk 177 / 4613
2020 Top Exporter | Top Importer: $4.39B | $3.47B, China | United States
2020 Product Complexity: 0.42, Rnk 1798 / 4783
2019 - 2020 Export Growth (CAGR): 0.062%, Rnk 1189 / 4613
2018 Mean Tariff: 13%, Rnk 1535 / 6538
2020 Share of World Trade: 0.092%, Rnk 177 / 4613
Overview This page contains the latest trade data of Furniture parts nes. In 2020, Furniture parts nes were the world's 177th most traded product, with a total trade of $15.4B. Between 2019 and 2020 the exports of Furniture parts nes grew by 0.062%, from $15.3B to $15.4B. Trade in Furniture parts nes represent 0.092% of total world trade.
Furniture parts nes are a part of Other Furniture.
Exports In 2020 the top exporters of Furniture parts nes were China ($4.39B), Italy ($1.88B), Germany ($1.44B), Vietnam ($996M), and Poland ($897M).
Imports In 2020 the top importers of Furniture parts nes were United States ($3.47B), Germany ($1.72B), France ($809M), United Kingdom ($805M), and Canada ($473M).
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 1798th 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 (2020): China, $4.39B
Top Destination (2020): United States, $3.47B
Furniture parts nes are the world's 177th most traded product.
In 2020, the top exporters of Furniture parts nes were China ($4.39B), Italy ($1.88B), Germany ($1.44B), Vietnam ($996M), and Poland ($897M).
In 2020, the top importers of Furniture parts nes were United States ($3.47B), Germany ($1.72B), France ($809M), United Kingdom ($805M), and Canada ($473M).
Trade by country
Between 2019 and 2020, the exports of Furniture parts nes grew the fastest in China ($311M), Vietnam ($257M), Malaysia ($46M), Austria ($34.3M), and Lithuania ($28.1M).
Between 2019 and 2020, the fastest growing importers of Furniture parts nes were Vietnam ($137M), United States ($90.1M), Malaysia ($85.9M), Thailand ($70.4M), and South Africa ($40.7M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Furniture parts nes.
In 2020, 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 (2020): China, $4.22B
TOP NET IMPORTER (2020): United States, $3.08B
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 2020.
In 2020, the countries that had a largest trade value in exports than in imports of Furniture parts nes were China ($4.22B), Italy ($1.61B), Vietnam ($693M), Poland ($543M), and Lithuania ($328M).
In 2020, the countries that had a largest trade value in imports than in exports of Furniture parts nes were United States ($3.08B), United Kingdom ($690M), France ($633M), Japan ($377M), and Netherlands ($319M).
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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