Other Furniture9403 (Harmonized System 1992 for 4-digit)
2019 World Trade: $89.5B, Rnk 29 / 1217
2019 Top Exporter | Top Importer: $27.5B | $23B, China | United States
2019 Product Complexity: 0.26, Rnk 441 / 961
2018 - 2019 Export Growth (CAGR): -0.041%, Rnk 399 / 1217
2018 Mean Tariff: 14.7%, Rnk 213 / 1259
2019 Share of World Trade: 0.49%, Rnk 29 / 1217
Overview: This page contains the latest trade data of Other Furniture. In 2019, Other Furniture were the world's 29th most traded product, with a total trade of $89.5B. Between 2018 and 2019 the exports of Other Furniture decreased by -0.041%, from $89.5B to $89.5B. Trade in Other Furniture represent 0.49% of total world trade.
Exports: In 2019 the top exporters of Other Furniture were China ($27.5B), Germany ($7.81B), Italy ($7.42B), Vietnam ($5.84B), and Poland ($5.49B).
Imports: In 2019 the top importers of Other Furniture were United States ($23B), Germany ($7.17B), France ($5.67B), United Kingdom ($4.96B), and Canada ($3.05B).
Tariffs: In 2018 the average tariff for Other Furniture was 14.7%, making it the 213th 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%).
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.
Trade By Country
Top Origin (2019): China, $27.5B
Top Destination (2019): United States, $23B
Other Furniture are the world's 29th most traded product.
In 2019, the top exporters of Other Furniture were China ($27.5B), Germany ($7.81B), Italy ($7.42B), Vietnam ($5.84B), and Poland ($5.49B).
In 2019, the top importers of Other Furniture were United States ($23B), Germany ($7.17B), France ($5.67B), United Kingdom ($4.96B), and Canada ($3.05B).
Trade by country
Top Origin Growth (2018 - 2019): Vietnam, $983M
Top Destination Growth (2018 - 2019): Saudi Arabia, $233M
Between 2018 and 2019, the exports of Other Furniture grew the fastest in Vietnam ($983M), Turkey ($271M), Malaysia ($219M), Chinese Taipei ($165M), and Poland ($157M).
Between 2018 and 2019, the fastest growing importers of Other Furniture were Saudi Arabia ($233M), Malaysia ($228M), Germany ($186M), Vietnam ($157M), and Philippines ($127M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Other Furniture.
In 2019, market concentration measured using Shannon Entropy, was 4.2. This means that most of the exports of Other Furniture are explained by 18 countries.
TOP NET EXPORTER (2019): China, $26.4B
TOP NET IMPORTER (2019): United States, $20.5B
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 2019.
In 2019, the countries that had a largest trade value in exports than in imports of Other Furniture were China ($26.4B), Italy ($6.06B), Vietnam ($5.43B), Poland ($4.34B), and Turkey ($1.6B).
In 2019, the countries that had a largest trade value in imports than in exports of Other Furniture were United States ($20.5B), France ($4.36B), United Kingdom ($3.97B), Japan ($2.59B), and Australia ($1.74B).
In 2019, the world most traded Other Furniture, disaggragated by their HS6 level were Furniture, wooden, nes ($25.7B), Furniture, metal, nes ($17.7B), Furniture parts nes ($15.3B), Bedroom furniture, wooden, nes ($10.4B), and Kitchen furniture, wooden, nes ($7.18B)
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%).
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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