General Administration of Customs: furniture exports reached 53.7 billion US dollars in 2018, up 7.6% year on year

Release Date:2019-12-10

Abstract: Recently, the Information Office of the State Council released the import and export data of 2018. Overall, in 2018, foreign trade import and export related to home furnishing industry achieved stable growth. In terms of export, the export volume of furniture and parts reached US $53.69 billion, up 7.6% year on year.

        On February 14, the General Administration of Customs released the data of foreign trade import and export in January. Among them, the export of furniture was 38.18 billion yuan, an increase of 18.9% year on year; the export of textiles was 78.73 billion yuan, an increase of 19.7% year on year. The total export of seven categories of labor-intensive products, including clothing, textiles, furniture, footwear, plastic products, bags and toys, reached 310.44 billion yuan, up 17.4% year on year, accounting for 20.7% of the total export value.

        Meanwhile, the import and export data for the whole year of 2018 was also released by the Information Office of the State Council on January 14. Overall, in 2018, the import and export of foreign trade related to home furnishing industry achieved stable growth.

        In terms of import, the import value of log and sawn timber was 21.12 billion US dollars, up 5.6% year on year, the import value of pulp was 19.72 billion US dollars, up 28.5% year on year, and the import value of textile yarn and textile products was 17.88 billion US dollars, up 3.0% year on year.

        In terms of export, the export value of furniture and its parts reached 53.69 billion US dollars, up 7.6% year on year; the export value of lamps and lighting reached 30.06 billion US dollars, up 5.6% year on year; the export value of ceramic products reached 21.57 billion US dollars, up 11.7% year on year; the export value of textile products reached 119.1 billion US dollars, up 8.1% year on year.

        On the whole, compared with the export growth rate, the import growth rate is more obvious. In the past 2018, the trade surplus between China and the United States has continued to expand compared with 2017, while in the overall foreign trade, the trade surplus has narrowed compared with 2017.

   The specific data is that in 2018, China's import and export to the United States reached 4.18 trillion yuan, an increase of 5.7% year on year. Among them, exports to the United States reached 3.16 trillion yuan, up 8.6%; imports from the United States reached 1.02 trillion yuan, down 2.3%; and trade surplus reached 2.14 trillion yuan, up 14.7%. Denominated in US dollars, the total value of China US bilateral trade in 2018 was US $633.52 billion, an increase of 8.5% year on year. Among them, the export was US $478.42 billion, up 11.3%; the import was US $155.1 billion, up 0.7%; the trade surplus was US $323.32 billion, up 17.2% year on year. In 2018, China US trade surplus expanded. 

        Overall, in 2018, China's total import and export value exceeded 30 trillion yuan, reaching 30.51 trillion yuan, an increase of 9.7% over 2017. Among them, the export was 16.42 trillion yuan, up 7.1%; the import was 14.09 trillion yuan, up 12.9%; and the trade surplus was 2.33 trillion yuan, down 18.3%. In 2018, the total value of China's foreign trade import and export is US $4.62 trillion, an increase of 12.6%; of which, export is US $2.48 trillion, an increase of 9.9%; import is US $2.14 trillion, an increase of 15.8%; and trade surplus is US $351.76 billion, a decrease of 16.2%.


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DONGGUAN CITY HU SHENG FURNITURE CO.,LTD

Job Title: director

Department: Global Marketing Department

Company Phone: +86 0769-81288066

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Website: www.furniturehs.com

Address: NO.6 HEBIN ROAD,YONGKOU VILLAGE,HOUJIE DONGGUAN,CHINA

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