China’s wood furniture exports to the U.S. fell 18% in the 1H 2019

As a result of weakening global demand, the value of China’s wooden furniture exports fell 10% to $9.8 billion in the first half of 2019. Of the total, the value of China’s wooden furniture exports to the U.S. was $3.807 billion, a year-on-year decline of 18%, ITTO reported.

The proportion of China’s wood furniture exports value to the U.S. dropped to 39% in the first half from 42% in the first half of 2018. It is anticipated that the value of China’s wooden furniture exports to the U.S. will fall further in the 2Q. The United States imported 55% of wood furniture from China in 2018.