US furniture imports soared by 55% in the first half of the year!

US furniture imports soared by 55% in the first half of the year!

Although affected by the epidemic, the U.S. home industry is facing a serious supply chain crisis, it is still very popular on the demand side. Recently, the U.S. Customs, the U.S. Census Bureau and the U.S. International Trade Commission released furniture import and export data for the first half of 2021. Among them, the total import volume exceeded US $15 billion, a sharp increase of 55% over the same period last year and nearly 30% over the same period in 2019 before the epidemic.

However, the pattern of furniture procurement in the United States has quietly changed.

US furniture imports soared by 55% in the first half of the year!

In the first half of this year, Vietnam has not been seriously affected by the epidemic. The total amount of furniture imported by the United States reached US $5.1 billion, an increase of 76%.

China ranked second. The total amount of furniture imported by the United States from China reached US $4.6 billion, up from US $3.4 billion in the same period last year, an increase of 35%.

Affected by tariffs, US imports of Chinese furniture fell by more than 40% in 2020. Vietnam also replaced China as the largest importer of furniture to the United States for the first time. From the data of the first half of the year, the gap between China and Vietnam is still small. Meanwhile, due to the closure and shutdown of southern Vietnam in June, the total amount of furniture exported by China to the United States in the second half of this year is likely to exceed Vietnam and return to the first throne.

In addition, Malaysia and Indonesia once again ranked among the top ten imported furniture from the United States, with exports of USD 873 million and USD 604 million respectively. Thailand increased by 97% to US $219 million, and Poland increased by 80% to US $181 million.

The rise of Italy should not be ignored. The country exported more than 554 million US dollars of furniture to the United States, an increase of 72% over 2020. Mexico’s exports grew significantly. In the first half of this year, it exported US $836 million worth of furniture to the United States, an increase of 68% over 2020.

US furniture imports soared by 55% in the first half of the year!

In addition, due to the small increase, Canada fell to the sixth place in the ranking of furniture importers in the United States, with a total value of US $642 million, an increase of only 18%. In terms of exports, the total furniture exports of the United States in the first half of the year reached US $1.15 billion, a year-on-year increase of 40%, and exceeded the 2019 level before the epidemic.

Canada remains the main destination of U.S. furniture exports, with a year-on-year increase of 20% to US $642 million, accounting for more than half of U.S. furniture exports. Mexico ranked second with us $52.5 million, followed by Britain, South Korea, Bahamas, Germany, Australia, Japan, Saudi Arabia and finally China.

The most prominent market for export growth is Germany, which imported US $13.3 million of American furniture in the first half of this year, an increase of 53% over 2020.

The Chinese market, which once ranked among the top 10, imported only US $10.4 million of American furniture in the first half of this year. This is half the $26.9 million in 2019. Part of the reason for this is that China imposes tariffs on furniture imported from the United States.

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