USA's wooden furniture imports hit record $38 Bn in 2023
Wooden Furniture is the world's 100th most traded item. Its market is estimated around $31 billion. China is the leading wooden furniture exporter globally. Whereas, the United States is the top importer of wooden furniture items in the world. The US import export data suggests that the overall wooden furniture imports of the country recorded $38 billion worth last year. Around 103,593 import shipments of wooden furniture goods were recorded by the USA in the last year. Vietnam and China were the two biggest wooden furniture exporters to the USA. US import data shows that Vietnam and China were responsible for 35% and 21% share of US furniture imports. In terms of USA's wooden furniture import share, other major markets were India (8.8%), Indonesia (8.4%), Italy (5.5%), Malaysia (4.3%) and Portugal (2.2%) respectively. Among the fastest growing markets for US furniture imports were Norway, Brazil, and Singapore. For the financial year 2023, the leading furniture export compa...