HS Icon Other Furniture

9403 (Harmonized System 1992 for 4-digit)

World Trade (2018): $89.1B, Rnk 28 / 1225

Top Exporter (2018): $28.7B, China

Top Importer (2018): $25.5B, United States

Export Growth (CAGR)(2017 - 2018): 11.2%, Rnk 708 / 1225

Mean Tariff (2018): 14.7%, Rnk 213 / 1259

Share of World Trade (2018): 0.48%, Rnk 28 / 1225

Overview:  This page contains the latest trade data of Other Furniture. In 2018, Other Furniture were the world's 28th most traded product, with a total trade of $89.1B. Between 2017 and 2018 the exports of Other Furniture grew by 11.2%, from  $80.1B to $89.1B. Trade in Other Furniture represent 0.48% of total world trade.

Exports: In 2018 the top exporters of Other Furniture  were China ($28.7B), Germany ($7.88B), Italy ($7.76B), Vietnam ($5.99B), and Poland ($5.33B).

Imports: In 2018 the top importers of Other Furniture were United States ($25.5B), Germany ($7B), France ($5.6B), United Kingdom ($4.96B), and Netherlands ($2.73B).

Tariffs: In 2018 the average tariff for Other Furniture was 14.7%, been the 213 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Other Furniture are Syria (52.4%), Iran (52.3%), Egypt (45%), Cape Verde (41.7%), and Bolivia (38.4%). The countries with the lowest tariffs are China (0%), Hong Kong (0%), Japan (0%), Singapore (0%), and Taiwan (0%).

Exporters and Importers

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Trade By Country

Top Origin (2018): China, $28.7B

Top Destination (2018): United States, $25.5B

Other Furniture are the world's 28th most traded product.

In 2018, the top exporters of Other Furniture were China ($28.7B), Germany ($7.88B), Italy ($7.76B), Vietnam ($5.99B), and Poland ($5.33B).

In 2018, the top importers of Other Furniture were United States ($25.5B), Germany ($7B), France ($5.6B), United Kingdom ($4.96B), and Netherlands ($2.73B).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): China, $1.73B

Top Destination Growth (2017 - 2018): France, $1.11B

Between 2017 and 2018, the exports of Other Furniture grew the fastest in China ($1.73B), Italy ($1.27B), Germany ($1.18B), Poland ($716M), and Vietnam ($500M).

Between 2017 and 2018, the fastest growing importers of Other Furniture were France ($1.11B), Germany ($1.07B), United States ($941M), Spain ($402M), and Hong Kong ($366M).

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Market Concentration

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Cumulative market share

This chart shows the evolution of the market concentration of exports of Other Furniture.

In 2018,  market concentration measured using Shannon Entropy, was 4.15. This means that most of the exports of Other Furniture are explained by 17 countries.

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TOP NET EXPORTER (2018): China, $27.3B

TOP NET IMPORTER (2018): United States, $24.3B

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 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Other Furniture were China ($27.3B), Italy ($6.38B), Vietnam ($5.71B), Poland ($4.3B), and Malaysia ($1.4B).

In 2018, the countries that had a largest trade value in imports than in exports of Other Furniture were United States ($24.3B), France ($4.27B), United Kingdom ($3.96B), Japan ($2.52B), and Australia ($1.82B).

Trade Forecasts

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This section shows forecasts for total trade for Other Furniture. The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.

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Import Tariffs

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In 2018, the average tariff for importing Other Furniture was 14.7%.  The countries with the highest tariffs for importing Other Furniture were Syria (52.4%), Iran (52.3%), Egypt (45%), Cape Verde (41.7%), and Bolivia (38.4%).

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Product Complexity

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Diversification Frontier

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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.