الصفحة الرئيسية> مدونة> Wood industry news | China's furniture exports surge 18.3% in the first half of the year!

Wood industry news | China's furniture exports surge 18.3% in the first half of the year!

July 25, 2024
Data from the General Administration of Customs show that in the first half of this year, the scale of China's import and export exceeded 21 trillion yuan for the first time in the history of the same period. The growth rate of import and export accelerated quarter by quarter, with a growth rate of 7.4% in the second quarter, 2.5 percentage points higher than that in the first quarter and 5.7 percentage points higher than that in the fourth quarter of last year, further consolidating the positive momentum of foreign trade.
 
According to customs statistics, in the first half of the year, the total value of China's goods trade import and export was 21.17 trillion yuan, an increase of 6.1%. Of this total, the export was 12.13 trillion yuan, up by 6.9%; Imports reached 9.04 trillion yuan, an increase of 5.2%; Trade surplus increased by 12% to 3.09 trillion yuan.
 
Among the main export commodities, in the first half of the year, the export of furniture and its parts performed strongly, and the export value rose 18.3% year-on-year to 251.33 billion yuan. In addition, the export of lamps, lighting devices and their parts also maintained steady growth, up 6.6% year-on-year to 146.48 billion yuan. In addition, the export performance of ceramic products was slightly inferior, with exports of 79.83 billion yuan, down 7.6% year-on-year.
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From a single month in June, the export value of furniture, ceramics, lamps and lighting products fell last month. Among them, the export value of furniture and its parts was 39.27 billion yuan, down 11.4%; Exports of ceramic products were 11.79 billion yuan, down 8.2% from the previous quarter; The export value of lamps, lighting fixtures and their parts was 26.23 billion yuan, down 1.4% from the previous quarter.
 
From the perspective of each month in the first half of the year, from January to April, the export value of home building materials products rose month by month. However, starting from May, exports of furniture and ceramic products declined last month, and the decline gradually expanded. The export of lamps and lighting products is relatively stable.
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In terms of trade partnership, in the first half of this year, ASEAN was the largest trading partner, with the total trade value between China and ASEAN reaching 3.36 trillion yuan, an increase of 10.5%, accounting for 15.9% of China's total foreign trade value. The EU is the second largest trading partner, and the total value of trade between China and the EU was 2.72 trillion yuan, down 0.7%, accounting for 12.8%. The United States is the third largest trading partner, and the total value of trade between China and the United States reached 2.29 trillion yuan, up 2.9 percent, accounting for 10.8 percent. South Korea is the fourth largest trading partner, and the total trade value between China and South Korea reached 1.13 trillion yuan, up 7.6%, accounting for 5.3%. In the same period, China's total import and export to countries jointly building the Belt and Road reached 10.03 trillion yuan, an increase of 7.2%.
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