China’s furniture export surged 69.6% in the first two months of 2021!

China’s furniture export surged 69.6% in the first two months of 2021!

On March 7, the General Administration of Customs of the people’s Republic of China released the accumulated import and export data from January to February this year. In the first two months, China’s import and export of goods trade achieved a “good start”, among which the export performance of home furnishing industry was particularly strong.

The main export related information of the home furnishing industry is as follows:

From January to February, the export volume of furniture and its parts was 71.95 billion yuan, an increase of 69.6% over the same period last year (42.41 billion yuan).

In addition to furniture, exports of textiles, ceramic products, lamps / lighting devices and parts, and household appliances increased from January to February compared with last year.

Among them, the export of ceramic products was 26.73 billion yuan, up 65.1% year on year; the export of lamps, lighting devices and parts was 51.06 billion yuan, up 107.4% year on year; the export of textiles was 144.44 billion yuan, up 50.2% year on year; the export of household appliances was 95.35 billion yuan, up 81.1% year on year.

Overall, in the first two months of this year, China’s total import and export value of goods trade was 5.44 trillion yuan, an increase of 32.2% over the same period last year. Among them, export was 3.06 trillion yuan, an increase of 50.1%; import was 2.38 trillion yuan, an increase of 14.5%; trade surplus was 675.86 billion yuan, a deficit of 43.3 billion yuan in the same period last year.

In February, China’s foreign trade import and export reached 2.42 trillion yuan, an increase of 57%. Among them, export was 1.33 trillion yuan, up 139.5%; import was 1.09 trillion yuan, up 10.3%; trade surplus was 247.28 billion yuan, up from 426.65 billion yuan in the same period last year.

The intuitive feeling given by the data is that in the first two months of last year, China “made great progress”, while this year it “made great progress”. In fact, cannot do without novel coronavirus pneumonia.

Novel coronavirus pneumonia, Li Kuiwen, spokesman for the General Administration of customs, said that import and export of the first 2 months of last year fell by 9.7%, the lower base being one of the reasons for the larger increase in the first 2 months of this year. “But even compared with the same period in 2018 and 2019, the growth rate of import and export in the first two months of this year is about 20%.” He said.

The General Administration of customs also said that economic recovery in Europe and the United States is also a major reason. Since the beginning of this year, the prosperity of European and American economies, especially the manufacturing industry, has picked up significantly, and the PMI index of European and American manufacturing industry has maintained a high level. At the same time, thanks to the fiscal stimulus plan, the consumption of major economies such as Europe and the United States has recovered, and the demand for our products has increased. Data show that in the first two months, China’s exports to Europe and the United States increased by 59.2%, higher than the overall growth of exports.

Among them, ASEAN is China’s second largest China’s trade with ASEAN was 786.2 billion yuan, an increase of 32.9%; EU was China’s second largest trade partner, with 779.04 billion yuan, an increase of 39.8%; the United States was China’s third largest trade partner, with 716.37 billion yuan, an increase of 69.6%; Japan was China’s fourth largest trade partner, with 349.23 billion yuan, an increase of 27.4%. China’s one belt, one road area, together with imports and exports totaled 1 trillion and 620 billion yuan, an increase of 23.9% over the same period.

One belt, one road and one other country, has been growing. This shows that China’s continuous opening up has achieved tangible results, which will play an important role in expanding China’s foreign trade development and promoting the continuous improvement of foreign trade.

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