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940360 (Harmonized System 1992 for 6-digit)

2023
World Trade $26BRnk 117 / 4644
2023
Top Exporter | Top Importer $5.98B | $6.68BChina | United States
2023
Product Complexity -0.19Rnk 2819 / 4656
2022 - 2023
Export Growth (CAGR) -14.6%Rnk 3192 / 4644
2023
Share of World Trade 0.12%Rnk 117 / 4644

About

Overview This page contains the latest trade data of Furniture, wooden, nes. In 2023, Furniture, wooden, nes were the world's 117th most traded product, with a total trade of $26B. Between 2022 and 2023 the exports of Furniture, wooden, nes decreased by -14.6%, from $30.5B to $26B. Trade in Furniture, wooden, nes represent 0.12% of total world trade.

Furniture, wooden, nes are a part of Other Furniture.

Exports In 2023 the top exporters of Furniture, wooden, nes  were China ($5.98B), Vietnam ($3.19B), Poland ($2.84B), Italy ($2.07B), and Germany ($1.22B).

Imports In 2023 the top importers of Furniture, wooden, nes were United States ($6.68B), Germany ($2.31B), United Kingdom ($1.62B), France ($1.51B), and Netherlands ($1.04B).

Ranking Furniture, wooden, nes ranks 2819th in the Product Complexity Index (PCI).

Description Wooden furniture is typically used as seating, especially in the home, but is also used in the construction of other furniture and for flooring. Wooden furniture is typically made of plywood, and comes in a variety of finishes, ranging from natural to painted.

Latest Trends

Latest Data

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Y-AXIS SCALE

The following visualization shows the latest trends on Furniture, wooden, 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.

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* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Historical Data

Exporters and Importers

Top Origin (2023)China$5.98B
Top Destination (2023)United States$6.68B

In 2023 Furniture, wooden, nes were the world's 117th most traded product (out of 4,644).

In 2023, the top exporters of Furniture, wooden, nes were China ($5.98B), Vietnam ($3.19B), Poland ($2.84B), Italy ($2.07B), and Germany ($1.22B).

In 2023, the top importers of Furniture, wooden, nes were United States ($6.68B), Germany ($2.31B), United Kingdom ($1.62B), France ($1.51B), and Netherlands ($1.04B).

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Exporters of Furniture, wooden, nes (2023)
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Importers of Furniture, wooden, nes (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Ukraine$34.2M
Top Destination Growth (2022 -  2023)Netherlands$61.7M

Between 2022 and 2023, the exports of Furniture, wooden, nes grew the fastest in Ukraine ($34.2M), Spain ($30.9M), Egypt ($24.9M), Bahrain ($14M), and United Kingdom ($11.8M).

Between 2022 and 2023, the fastest growing importers of Furniture, wooden, nes were Netherlands ($61.7M), Vietnam ($47.5M), Chinese Taipei ($42.2M), South Korea ($39.5M), and Indonesia ($38.3M).

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Exporters of Furniture, wooden, nes (2022 - 2023)

Importers of Furniture, wooden, nes (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Furniture, wooden, nes.

In 2023, market concentration measured using Shannon Entropy, was 4.32. This means that most of the exports of Furniture, wooden, nes are explained by 20 countries.

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Value of Exports in Furniture, wooden, nes

Net Trade

TOP NET EXPORTER (2023)China$5.77B
TOP NET IMPORTER (2023)United States$6.45B

This map shows which countries export or import more of Furniture, wooden, nes. Each country is colored based on the difference in exports and imports of Furniture, wooden, nes during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Furniture, wooden, nes were China ($5.77B), Vietnam ($3.1B), Poland ($2.49B), Italy ($1.57B), and Lithuania ($866M).

In 2023, the countries that had a largest trade value in imports than in exports of Furniture, wooden, nes were United States ($6.45B), United Kingdom ($1.44B), France ($1.1B), Germany ($1.1B), and Japan ($891M).

Net Trade (2023)

Country Comparison

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Ranking

This visualization shows the countries that have an important ratio of their trade related to Furniture, wooden, nes.
It is possible to select the main countries that export or import Furniture, wooden, nes in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Furniture, wooden, nes by percentage of total exports

Product Complexity

Diversification Frontier

Specialization

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.

Relatedness vs Country Complexity (2023)

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