Overview: This page contains the latest trade data of Furniture, wooden, nes. In 2019, Furniture, wooden, nes were the world's 98th most traded product, with a total trade of $25.7B. Between 2018 and 2019 the exports of Furniture, wooden, nes decreased by -2.96%, from $26.5B to $25.7B. Trade in Furniture, wooden, nes represent 0.14% of total world trade.
Exports: In 2019 the top exporters of Furniture, wooden, nes were China ($6.49B), Poland ($2.53B), Vietnam ($2.46B), Italy ($2.03B), and Germany ($1.33B).
Ranking: Furniture, wooden, nes ranks 2916th 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.
Top Destination Growth (2018 - 2019): Saudi Arabia, $43.2M
Between 2018 and 2019, the exports of Furniture, wooden, nes grew the fastest in Vietnam ($393M), Malaysia ($74.3M), Turkey ($54M), Lithuania ($48M), and India ($32.3M).
Between 2018 and 2019, the fastest growing importers of Furniture, wooden, nes were Saudi Arabia ($43.2M), Poland ($34.6M), Philippines ($34.4M), South Africa ($30.9M), and Libya ($20.8M).
This chart shows the evolution of the market concentration of exports of Furniture, wooden, nes.
In 2019, market concentration measured using Shannon Entropy, was 4.38. This means that most of the exports of Furniture, wooden, nes are explained by 20 countries.
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 2019.
In 2019, the countries that had a largest trade value in exports than in imports of Furniture, wooden, nes were China ($6.09B), Vietnam ($2.4B), Poland ($2.22B), Italy ($1.62B), and Indonesia ($735M).
In 2019, the countries that had a largest trade value in imports than in exports of Furniture, wooden, nes were United States ($5.72B), United Kingdom ($1.41B), France ($1.18B), Germany ($1.07B), and Japan ($946M).
In 2018, the average tariff for importing Furniture, wooden, nes was 14.7%. The countries with the highest tariffs for importing Furniture, wooden, nes were Syria (55.2%), Iran (55%), Cape Verde (50%), Egypt (45%), and Bahamas (44.6%).
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.