Other Furniture9403 (Harmonized System 1992 for 4-digit)
2020 World Trade: $89.2B, Rnk 25 / 1217
2020 Top Exporter | Top Importer: $27.8B | $24B, China | United States
2020 Product Complexity: 0.3, Rnk 441 / 1028
2019 - 2020 Export Growth (CAGR): -0.41%, Rnk 359 / 1217
2018 Mean Tariff: 14.4%, Rnk 211 / 1259
2020 Share of World Trade: 0.53%, Rnk 25 / 1217
Overview This page contains the latest trade data of Other Furniture. In 2020, Other Furniture were the world's 25th most traded product, with a total trade of $89.2B. Between 2019 and 2020 the exports of Other Furniture decreased by -0.41%, from $89.6B to $89.2B. Trade in Other Furniture represent 0.53% of total world trade.
Other Furniture are a part of Furniture, bedding, lamps, & prefab buildings. They include Furniture, wooden, nes, Furniture, metal, nes, Furniture parts nes, Bedroom furniture, wooden, nes, Kitchen furniture, wooden, nes, Office furniture, wooden, nes, Office furniture, metal, nes, Furniture of cane, materials nes, and Furniture, plastic, nes.
Exports In 2020 the top exporters of Other Furniture were China ($27.8B), Germany ($7.5B), Vietnam ($7.27B), Italy ($6.53B), and Poland ($5.61B).
Imports In 2020 the top importers of Other Furniture were United States ($24B), Germany ($7.69B), France ($5.24B), United Kingdom ($4.41B), and Canada ($2.91B).
Tariffs In 2018 the average tariff for Other Furniture was 14.4%, making it the 211th lowest tariff using the HS4 product classification.
Ranking Other Furniture ranks 441st in the Product Complexity Index (PCI).
Description Furniture is used to make things like tables, chairs, and beds. Furniture can be made from a variety of materials, including wood, metal, plastic, and fabric.
The following visualization shows the latest trends on Other Furniture. 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, $27.8B
Top Destination (2020): United States, $24B
Other Furniture are the world's 25th most traded product.
In 2020, the top exporters of Other Furniture were China ($27.8B), Germany ($7.5B), Vietnam ($7.27B), Italy ($6.53B), and Poland ($5.61B).
In 2020, the top importers of Other Furniture were United States ($24B), Germany ($7.69B), France ($5.24B), United Kingdom ($4.41B), and Canada ($2.91B).
Trade by country
Top Origin Growth (2019 - 2020): Vietnam, $1.45B
Top Destination Growth (2019 - 2020): United States, $1.03B
Between 2019 and 2020, the exports of Other Furniture grew the fastest in Vietnam ($1.45B), Malaysia ($354M), Thailand ($232M), Czechia ($166M), and Netherlands ($135M).
Between 2019 and 2020, the fastest growing importers of Other Furniture were United States ($1.03B), Germany ($544M), Netherlands ($230M), Saudi Arabia ($216M), and South Korea ($194M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Other Furniture.
In 2020, market concentration measured using Shannon Entropy, was 4.17. This means that most of the exports of Other Furniture are explained by 18 countries.
TOP NET EXPORTER (2020): China, $26.8B
TOP NET IMPORTER (2020): United States, $22B
This map shows which countries export or import more of Other Furniture. Each country is colored based on the difference in exports and imports of Other Furniture during 2020.
In 2020, the countries that had a largest trade value in exports than in imports of Other Furniture were China ($26.8B), Vietnam ($6.71B), Italy ($5.28B), Poland ($4.4B), and Malaysia ($1.7B).
In 2020, the countries that had a largest trade value in imports than in exports of Other Furniture were United States ($22B), France ($4.08B), United Kingdom ($3.58B), Japan ($2.67B), and Australia ($1.9B).
In 2020, the world most traded Other Furniture, disaggragated by their HS6 level were Furniture, wooden, nes ($25.6B), Furniture, metal, nes ($18.3B), Furniture parts nes ($15.4B), Bedroom furniture, wooden, nes ($10.4B), and Kitchen furniture, wooden, nes ($7.29B)
This visualization shows the countries that have an important ratio of their trade related to Other Furniture. It is possible to select the main countries that export or import Other Furniture 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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