Furniture, wooden, nes940360 (Harmonized System 1992 for 6-digit)
2021 World Trade: $32.5B, Rnk 94 / 4641
2021 Top Exporter | Top Importer: $8.97B | $8.39B, China | United States
2021 Product Complexity: -0.093, Rnk 2649 / 4648
2020 - 2021 Export Growth (CAGR): 26.5%, Rnk 1634 / 4641
2018 Mean Tariff: 14.4%, Rnk 1242 / 6538
2021 Share of World Trade: 0.15%, Rnk 94 / 4641
Overview This page contains the latest trade data of Furniture, wooden, nes. In 2021, Furniture, wooden, nes were the world's 94th most traded product, with a total trade of $32.5B. Between 2020 and 2021 the exports of Furniture, wooden, nes grew by 26.5%, from $25.7B to $32.5B. Trade in Furniture, wooden, nes represent 0.15% of total world trade.
Furniture, wooden, nes are a part of Other Furniture.
Exports In 2021 the top exporters of Furniture, wooden, nes were China ($8.97B), Poland ($3.13B), Vietnam ($3.1B), Italy ($2.21B), and Germany ($1.55B).
Imports In 2021 the top importers of Furniture, wooden, nes were United States ($8.39B), Germany ($3.25B), France ($2.06B), United Kingdom ($1.91B), and Netherlands ($1.03B).
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 2649th 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 (2021): China, $8.97B
Top Destination (2021): United States, $8.39B
Furniture, wooden, nes are the world's 94th most traded product.
In 2021, the top exporters of Furniture, wooden, nes were China ($8.97B), Poland ($3.13B), Vietnam ($3.1B), Italy ($2.21B), and Germany ($1.55B).
In 2021, the top importers of Furniture, wooden, nes were United States ($8.39B), Germany ($3.25B), France ($2.06B), United Kingdom ($1.91B), and Netherlands ($1.03B).
Trade by country
Top Origin Growth (2020 - 2021): China, $2.38B
Top Destination Growth (2020 - 2021): United States, $1.78B
Between 2020 and 2021, the exports of Furniture, wooden, nes grew the fastest in China ($2.38B), Poland ($481M), Italy ($373M), India ($316M), and Germany ($281M).
Between 2020 and 2021, the fastest growing importers of Furniture, wooden, nes were United States ($1.78B), Germany ($536M), France ($504M), United Kingdom ($425M), and Cameroon ($282M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Furniture, wooden, nes.
In 2021, 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 (2021): China, $8.65B
TOP NET IMPORTER (2021): United States, $7.96B
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 2021.
In 2021, the countries that had a largest trade value in exports than in imports of Furniture, wooden, nes were China ($8.65B), Vietnam ($3.04B), Poland ($2.67B), Italy ($1.71B), and Indonesia ($907M).
In 2021, the countries that had a largest trade value in imports than in exports of Furniture, wooden, nes were United States ($7.96B), Germany ($1.7B), United Kingdom ($1.69B), France ($1.53B), and Japan ($981M).
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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