Furniture, wooden, nes940360 (Harmonized System 1992 for 6-digit)
World Trade (2018): $26.7B, Rnk 96 / 4726
Top Exporter (2018): $7.35B, China
Top Importer (2018): $6.91B, United States
Product Complexity (2018): -0.16, Rnk 1674 / 2722
Export Growth (CAGR)(2017 - 2018): 10.9%, Rnk 2543 / 4726
Mean Tariff (2018): 14.7%, Rnk 1243 / 6538
Share of World Trade (2018): 0.15%, Rnk 96 / 4726
Overview: This page contains the latest trade data of Furniture, wooden, nes. In 2018, Furniture, wooden, nes were the world's 96th most traded product, with a total trade of $26.7B. Between 2017 and 2018 the exports of Furniture, wooden, nes grew by 10.9%, from $24B to $26.7B. Trade in Furniture, wooden, nes represent 0.15% of total world trade.
Exports: In 2018 the top exporters of Furniture, wooden, nes were China ($7.35B), Poland ($2.5B), Vietnam ($2.48B), Italy ($2.18B), and Germany ($1.32B).
Imports: In 2018 the top importers of Furniture, wooden, nes were United States ($6.91B), Germany ($2.44B), United Kingdom ($1.75B), France ($1.7B), and Japan ($1.05B).
Tariffs: In 2018 the average tariff for Furniture, wooden, nes was 14.7%, been the 1243 lowest tariff using the HS6 product classification.
The countries with the highest import tariffs for Furniture, wooden, nes are Syria (55.2%), Iran (55%), Cape Verde (50%), Egypt (45%), and Bahamas (44.6%). The countries with the lowest tariffs are China (0%), Hong Kong (0%), Japan (0%), South Korea (0%), and Singapore (0%).
Ranking: Furniture, wooden, nes ranks 1674th in the Product Complexity Index (PCI).
Trade By Country
Top Origin (2018): China, $7.35B
Top Destination (2018): United States, $6.91B
Furniture, wooden, nes are the world's 96th most traded product.
In 2018, the top exporters of Furniture, wooden, nes were China ($7.35B), Poland ($2.5B), Vietnam ($2.48B), Italy ($2.18B), and Germany ($1.32B).
In 2018, the top importers of Furniture, wooden, nes were United States ($6.91B), Germany ($2.44B), United Kingdom ($1.75B), France ($1.7B), and Japan ($1.05B).
Trade by country
Top Origin Growth (2017 - 2018): Poland, $342M
Top Destination Growth (2017 - 2018): United States, $550M
Between 2017 and 2018, the exports of Furniture, wooden, nes grew the fastest in Poland ($342M), Italy ($334M), Vietnam ($304M), China ($222M), and Romania ($119M).
Between 2017 and 2018, the fastest growing importers of Furniture, wooden, nes were United States ($550M), France ($347M), Germany ($347M), Russia ($140M), and Spain ($109M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Furniture, wooden, nes.
In 2018, market concentration measured using Shannon Entropy, was 4.31. This means that most of the exports of Furniture, wooden, nes are explained by 19 countries.
TOP NET EXPORTER (2018): China, $6.85B
TOP NET IMPORTER (2018): United States, $6.65B
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 2018.
In 2018, the countries that had a largest trade value in exports than in imports of Furniture, wooden, nes were China ($6.85B), Vietnam ($2.43B), Poland ($2.22B), Italy ($1.75B), and Indonesia ($713M).
In 2018, the countries that had a largest trade value in imports than in exports of Furniture, wooden, nes were United States ($6.65B), United Kingdom ($1.48B), France ($1.21B), Germany ($1.11B), and Japan ($1.03B).
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.
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