HS Icon Seats with wooden frames, upholstered nes

940161 (Harmonized System 1992 for 6-digit)

Overview This page contains the latest trade data of Seats with wooden frames, upholstered nes. In 2019, Seats with wooden frames, upholstered nes were the world's 150th most traded product, with a total trade of $18.4B. Between 2018 and 2019 the exports of Seats with wooden frames, upholstered nes decreased by -3.24%, from $19B to $18.4B. Trade in Seats with wooden frames, upholstered nes represent 0.1% of total world trade.

Seats with wooden frames, upholstered nes are a part of Seats.

Exports In 2019 the top exporters of Seats with wooden frames, upholstered nes  were China ($7.68B), Poland ($2.19B), Vietnam ($1.61B), Italy ($1.48B), and United States ($429M).

Imports In 2019 the top importers of Seats with wooden frames, upholstered nes were United States ($5.75B), Germany ($1.82B), France ($1.2B), United Kingdom ($1.11B), and Canada ($863M).

Tariffs In 2018 the average tariff for Seats with wooden frames, upholstered nes was 15.7%, making it the 957th lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Seats with wooden frames, upholstered nes are Iran (55%), Cape Verde (50%), and Bhutan (48.9%). The countries with the lowest tariffs are China (0%), Hong Kong (0%), Japan (0%), South Korea (0%), and Singapore (0%).

Ranking Seats with wooden frames, upholstered nes ranks 3135th in the Product Complexity Index (PCI).

Description Couches, armchairs, and rocking chairs are all examples of seats that are upholstered with a wooden frame. A seat that is made with a wooden frame is typically upholstered to create a more comfortable or durable seat.

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The following visualization shows the latest trends on Seats with wooden frames, upholstered nes. 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 October 2021 exchange rates when trade data is reported in local currency.

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Historical Data

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Exporters and Importers

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Trade By Country

Top Origin (2019): China, $7.68B

Top Destination (2019): United States, $5.75B

Seats with wooden frames, upholstered nes are the world's 150th most traded product.

In 2019, the top exporters of Seats with wooden frames, upholstered nes were China ($7.68B), Poland ($2.19B), Vietnam ($1.61B), Italy ($1.48B), and United States ($429M).

In 2019, the top importers of Seats with wooden frames, upholstered nes were United States ($5.75B), Germany ($1.82B), France ($1.2B), United Kingdom ($1.11B), and Canada ($863M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): Vietnam, $613M

Top Destination Growth (2018 - 2019): Saudi Arabia, $41.4M

Between 2018 and 2019, the exports of Seats with wooden frames, upholstered nes grew the fastest in Vietnam ($613M), Cambodia ($72.5M), Turkey ($68.7M), Malaysia ($48.5M), and Laos ($38.1M).

Between 2018 and 2019, the fastest growing importers of Seats with wooden frames, upholstered nes were Saudi Arabia ($41.4M), United Kingdom ($38.9M), China ($20.5M), Poland ($19.4M), and Iraq ($17.6M).

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Market Concentration

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Cumulative market share

Value

This chart shows the evolution of the market concentration of exports of Seats with wooden frames, upholstered nes.

In 2019,  market concentration measured using Shannon Entropy, was 3.49. This means that most of the exports of Seats with wooden frames, upholstered nes are explained by 11 countries.

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TOP NET EXPORTER (2019): China, $7.46B

TOP NET IMPORTER (2019): United States, $5.32B

This map shows which countries export or import more of Seats with wooden frames, upholstered nes. Each country is colored based on the difference in exports and imports of Seats with wooden frames, upholstered nes during 2019.

In 2019, the countries that had a largest trade value in exports than in imports of Seats with wooden frames, upholstered nes were China ($7.46B), Poland ($2.07B), Vietnam ($1.57B), Italy ($1.3B), and Romania ($384M).

In 2019, the countries that had a largest trade value in imports than in exports of Seats with wooden frames, upholstered nes were United States ($5.32B), Germany ($1.46B), France ($1.09B), United Kingdom ($983M), and Canada ($633M).

Country Comparison

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This visualization shows the countries that have an important ratio of their trade related to Seats with wooden frames, upholstered nes.
It is possible to select the main countries that export or import Seats with wooden frames, upholstered nes in the world, or by continent, as well as select the measure of interest.

Import Tariffs

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In 2018, the average tariff for importing Seats with wooden frames, upholstered nes was 15.7%. The countries with the highest tariffs for importing Seats with wooden frames, upholstered nes were Iran (55%), Cape Verde (50%), and Bhutan (48.9%).

Product Complexity

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Diversification Frontier

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Specialization

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.