Furniture, wooden, nes940360 (Harmonized System 1992 for 6-digit)
2020 World Trade: $25.6B, Rnk 87 / 4613
2020 Top Exporter | Top Importer: $6.5B | $6.62B, China | United States
2020 Product Complexity: -0.32, Rnk 3044 / 4783
2019 - 2020 Export Growth (CAGR): 0.19%, Rnk 1168 / 4613
2018 Mean Tariff: 14.4%, Rnk 1242 / 6538
2020 Share of World Trade: 0.15%, Rnk 87 / 4613
Overview This page contains the latest trade data of Furniture, wooden, nes. In 2020, Furniture, wooden, nes were the world's 87th most traded product, with a total trade of $25.6B. Between 2019 and 2020 the exports of Furniture, wooden, nes grew by 0.19%, from $25.6B to $25.6B. Trade in Furniture, wooden, nes represent 0.15% of total world trade.
Furniture, wooden, nes are a part of Other Furniture.
Exports In 2020 the top exporters of Furniture, wooden, nes were China ($6.5B), Vietnam ($2.84B), Poland ($2.65B), Italy ($1.81B), and Germany ($1.27B).
Imports In 2020 the top importers of Furniture, wooden, nes were United States ($6.62B), Germany ($2.71B), France ($1.56B), United Kingdom ($1.49B), and Japan ($924M).
Tariffs In 2018 the average tariff for Furniture, wooden, nes was 14.4%, making it the 1242nd lowest tariff using the HS6 product classification.
Ranking Furniture, wooden, nes ranks 3044th 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.
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.
* Using January 2020 exchange rates when trade data is reported in local currency.
Trade By Country
Top Origin (2020): China, $6.5B
Top Destination (2020): United States, $6.62B
Furniture, wooden, nes are the world's 87th most traded product.
In 2020, the top exporters of Furniture, wooden, nes were China ($6.5B), Vietnam ($2.84B), Poland ($2.65B), Italy ($1.81B), and Germany ($1.27B).
In 2020, the top importers of Furniture, wooden, nes were United States ($6.62B), Germany ($2.71B), France ($1.56B), United Kingdom ($1.49B), and Japan ($924M).
Trade by country
Top Origin Growth (2019 - 2020): Vietnam, $379M
Top Destination Growth (2019 - 2020): United States, $453M
Between 2019 and 2020, the exports of Furniture, wooden, nes grew the fastest in Vietnam ($379M), Poland ($119M), Netherlands ($89.3M), Thailand ($66M), and Mexico ($56.7M).
Between 2019 and 2020, the fastest growing importers of Furniture, wooden, nes were United States ($453M), Germany ($309M), Netherlands ($56.4M), Philippines ($53.7M), and Australia ($40.2M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Furniture, wooden, nes.
In 2020, market concentration measured using Shannon Entropy, was 4.32. This means that most of the exports of Furniture, wooden, nes are explained by 19 countries.
TOP NET EXPORTER (2020): China, $6.17B
TOP NET IMPORTER (2020): United States, $6.23B
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 2020.
In 2020, the countries that had a largest trade value in exports than in imports of Furniture, wooden, nes were China ($6.17B), Vietnam ($2.78B), Poland ($2.31B), Italy ($1.45B), and Indonesia ($711M).
In 2020, the countries that had a largest trade value in imports than in exports of Furniture, wooden, nes were United States ($6.23B), Germany ($1.44B), United Kingdom ($1.28B), France ($1.12B), and Japan ($900M).
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.
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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