vietnam furniture export 2019

The proportion of imports from Vietnam accounts for 37, 2% of the total import value, up 9 percentage points over the same period in 2019. In December, Vietnam’s exports … Click to share on Facebook (Opens in new window), Click to share on Twitter (Opens in new window), Click to share on LinkedIn (Opens in new window), Click to share on Reddit (Opens in new window), Click to share on WhatsApp (Opens in new window), Click to email this to a friend (Opens in new window), Electrical machinery, equipment: US$126.9 billion (41.7% of total exports), Clothing, accessories (not knit or crochet): $16.9 billion (5.5%), Machinery including computers: $16.7 billion (5.5%), Knit or crochet clothing, accessories: $16.1 billion (5.3%), Furniture, bedding, lighting, signs, prefabricated buildings: $12.3 billion (4.1%), Optical, technical, medical apparatus: $5.8 billion (1.9%), Leather/animal gut articles: $4.6 billion (1.5%), Plastics, plastic articles: $4.5 billion (1.5%), Electrical machinery, equipment: US$49.1 billion (Up by 162.6% since 2018), Knit or crochet clothing, accessories: $15.4 billion (Up by 12.8%), Clothing, accessories (not knit or crochet): $14.4 billion (Up by 2.3%), Furniture, bedding, lighting, signs, prefabricated buildings: $10 billion (Up by 48.5%), Leather/animal gut articles: $4 billion (Up by 34.5%), Coffee, tea, spices: $2.8 billion (Down by -27.6%), Rubber, rubber articles: $2.2 billion (Up by 48.7%), Machinery including computers: -US$10.1 billion (Up by 1.2% since 2018), Plastics, plastic articles: -$10 billion (Down by -9.7%), Mineral fuels including oil: -$8.7 billion (Down by -21.6%), Knit or crochet fabric: -$6.1 billion (Up by 51.8%), Optical, technical, medical apparatus: -$3.5 billion (Up by 118.9%), Aircraft, spacecraft: -$3.3 billion (Up by 5221.6%), Organic chemicals: -$3.1 billion (Down by -8.3%), Manmade filaments: -$3 billion (Up by 63.3%). Advisor, Council of Asian Furniture Associations. Furniture & Furnishing Export International (FFE) is Asia's number 1 furniture export-import eMedia platform serving the global markets. Vietnam's exports of smartphones and spare parts, mostly produced by Samsung Electronics 005930.KS, rose 4.4% last year to $51.38 billion, the data showed.. Furniture exports of Vietnam, 2009-2019. In second place for improving export sales was footwear via a 47% gain. Globally it is fifth and the climb up the ranks is continuing. Last year they had almost 400 manufacturers represented and over 1,800 booths. Published since 2003, it reaches over 40,000 trade professionals around the world covering Asia Pacific, Middle East, Europe, Africa and rest of the world. The change in exports was 7.71 percent and the change in imports was 19.73 percent. For those keen to exhibit at the event, please contact Ms Ailsa Yin, our project manager at ailsa@apsmediagroup.com. Vietnam International Furniture & Home Accessories Expo. Services exports were $2.5 billion; services imports were $1.3 billion. Currently, the value-added tax is under discussion in Vietnam to be raised to 12% at max. (212) 419-8286 Top export destinations of commodities from Vietnam in 2019: USA with a share of 23% (61 billion US$) China with a share of 15.6% (41 billion US$) Japan with a share of 7.71% (20 billion US$) Korea with a share of 7.45% (19.7 billion US$) Hong Kong with a share of 2.7% (7.16 billion US$) Malaysia’s top 10 exports accounted for almost four-fifths (79.4%) of the overall value of its global shipments. Vietnam exports of Furniture; wooden, for office use was $408,452.83K and quantity 5,043,300Item. Aaron Brackett. Your email address will not be published. It is currently the second largest exporter of furniture in the Asia-Pacific region, and fifth in the world, behind China, Germany, Italy, and Poland. 1 U.S. furniture companies typically send design specifications to Vietnamese furniture manufacturers who then build and export the goods. Owing to the recent US-China trade conflict along with the rising costs of Chinese production, Vietnam has cemented its position as the indisputably hottest sourcing destination for buyers globally, especially the Americans.So one can see that VIFF is not to compete with VIFA EXPO, the incumbent show held every March. In 2017, furniture exports were valued at around USD 7.66 billion, increasing to USD 8.66 billion in 2018. Required fields are marked *, Publisher & Editor-in-chief, FurnitureAndFurnishing.com 12,328. Do act fast as the main hall has been sold out and remaining spaces in the outdoor halls are very limited.At the end of May was a meeting of the World Furniture Confederation (WFC) along with an election of a new Chairman. Vietnam ranked No. In 2019, Vietnam imported timber and timber products for a value of about USD 2.55 billion (Vietnam Customs) from mainly China (26%), African countries (19%), the US (13%) and the EU (11%). The eMagazine is available for free access in both web and eBook formats 23 x 7, 365 days. Vice Chairman, International Alliance of Furnishing Publications If you are interested in VIFF, please visit www.viff.com.vn. Setup in Vietnam Inward Investment Facilitation Services (IIF) is the one-stop-shop package that help your company set up here. While Vietnam has a long and distinguished history of producing furniture products for the domestic market, it has only had a single recognizable furniture industry for the last 20 years. Post was not sent - check your email addresses! The U.S. services trade surplus with Vietnam was $1.2 billion in 2019. It is currently the second largest exporter of furniture in the Asia-Pacific region, and fifth in the world, behind China, Germany, Italy, and Poland. The inflow was especially accelerated in the last two years. Sales Representative (Vietnam) "Great show overall!" In 2019, the total value of wood and wood product exports from Vietnamese enterprises 2,392 enterprises (Vietnamese-owned and FDI enterprises) amounted to USD10.647 billion, an increase of 19.5% from the past year. Today, Vietnam’s furniture industry is one of the most dynamic operating in the world. Today, Vietnam’s furniture industry is one of the most dynamic operating in the world. Vietnam’s total trade with the United States was $7.87 billion in December, a change of 18.15 percent from the same month one year ago. The first quarter of 2019 saw foreign investment in Vietnam rise by 86.2 per cent, to US$10.8 billion, with Chinese investment accounting for almost half of … 9 among U.S. trade partners in December. Our company is pleased to be the event’s exclusive international sales representative.The Vietnamese furniture industry has enjoyed rapid growth in the last decade with huge inflow of foreign investments. Being able to show a second time in the year, six months after the VIFA show … Regionally, the country’s export surpassed the rest of the Southeast Asia region and currently ranks second in all of Asia, behind China. Furniture market outline: data for production, consumption, imports, and exports of furniture in Vietnam are provided for the time series 2009-2018, with preliminary estimates for the year 2019. Vietnam is the largest market for wooden furniture to the US in the first 11 months of 2020, reaching US $ 6.26 billion, up nearly 31% over the same period in 2019. In second place for improving export sales was … The new chairman then made two official appointments naming Linda Tu, Vice President of both China National Furniture Association and Council of Asia Furniture Associations its Secretary General and I an Advisor. The new show seeks to play complementary role and together help local exporters reach out and provide international buyers another opportunity to discover more suppliers and proucts. An export-oriented event to be held 27-30 November 2019 at the Saigon Exhibition and Convention Centre in Ho Chi Minh city, Vietnam, the two major furniture industry powerhouses are pulling all their resources towards making the inaugural edition a success for both exhibitors and visitors. We are pleased to announce our collaboration with Taiwan Furniture Manufacturers Association (TFMA) and Vietnam Binh Duong Furniture Association (BIFA) on their new show, Vietnam International Furniture Fair (VIFF) 2019.An export-oriented event to be held 27-30 November 2019 at the Saigon Exhibition and Convention Centre in Ho Chi Minh city, Vietnam, the two major furniture industry powerhouses are pulling all their resources towards making the inaugural edition a success for both exhibitors and visitors. Find detailed monthly and yearly Vietnam import data by hs code or product covers quantity, unit, trade value, port, importer name and more shipment details. 12 for the same month last year. Sorry, your blog cannot share posts by email. Most commonly referred to as VIFA EXPO is the largest furniture trade show in Vietnam. Indoor wooden furniture is a popular import from Vietnam and is affordable and well-made. Vietnam is one of the most dynamic countries in terms of growth in furniture production and in exports over the last decade. 519. Vietnam: Revenue in the Furniture & Homeware segment is projected to reach US$975m in 2021. Certain products, e.g goods that are necessary but cannot be produced in Vietnam can even enjoy VAT exemption. FALL & WINTER 2019 high quality fabric living room couch sofa furniture AF201951 ACHIO made in Vietnam SGS ... Our company specializes in supplying wooden indoor and outdoor furniture in big quantity in Vietnam and for export, especially furniture in bedroom. We offer a wide range of services. Log in. Xu Xiangnan, President of both China National Furniture Association and Council of Asia Furniture Associations was elected via a unanimous vote. This statistic shows the value of furniture exports from the United Kingdom (UK) in 2019, by continent of destination. 36,500. In 2017, furniture exports w… Joenel Endencio Embiado. Try our corporate solution for free! Your email address will not be published. Furniture market outline: data for production, consumption, imports, and exports of furniture in Vietnam are provided for the time series 2009-2018, with preliminary estimates for the year 2019. U.S. goods exports to Vietnam in 2019 were $10.9 billion, up 12.2% ($1.2 billion) from 2018 and up 250.7% from 2009. Local & Int'l Exhibitors From 21 Countries. Timber and furniture have become the sixth-largest export category in Vietnam, accounting for 6% of the world market share. Wood industry players in Vietnam are expected to make leaps and bounds to help make Vietnam become the world’s second largest interior furniture exporter, after China, within the next 7-8 years, given that the European Union-Vietnam Free Trade Agreement (EVFTA) and the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), are to come into effect next year, offering them … Yang’s company, Foshan Jietai Furniture, exports to the United States, European Union, Canada, Hong Kong, Australia and other parts of Asia. Xuan Hoa Vietnam Joint Stock Co., a furniture company based outside of Hanoi, which has received an influx of international visitors recently. Kaiser 1 Furniture Industry (Vietnam) Co., Ltd is also a furniture exporter that is known for its high-quality American bedroom furniture. Vietnam is by far the biggest winner from the U.S.-China trade war so far as importers look to divert their orders to bypass higher tariffs. Vietnam was the United States' 27th largest goods export market in 2019. Vietnam’s top 10 exports accounted for over three-quarters (76.9%) of the overall value of its global shipments. In Q1 2019, the U.S. imported $1.5 billion in furniture. Vietnam has started to profit from the U.S.-China trade war, but not on a large scale yet, according to Bill Stoops, chief investment officer of Dragon Capital. The fair features a full range of Furniture manufacturers, handicrafts, home decor and more. On the back of … ... "Its help us to find eligitimate suppliers and quality furniture." In the first nine months of this year, U.S. imports from Vietnam jumped 34.8% year-on-year, according to consultancy IHS Markit. It had ranked No. How was VIFA EXPO 2019? In addition to import duty, goods brought to Vietnam are also subject to value-added tax (VAT). Furniture market outline: data for production, consumption, imports, and exports of furniture in Vietnam are provided for the time series 2009-2018, with preliminary estimates for the year 2019. Operations Director (USA) Iron and steel was the fastest grower among the top 10 export categories, up by 36.1% from 2018 to 2019. Exports. US$ million. VAT rates are either 0%, 5% or 10%. He had been focused on increasing his exports … Booths. They own a 300,000 square meters factory 60 km away from the center of Ho Chi Minh City. Viet Nam's wood processing industry is particularly known for production and export of high-end wood products, particularly furniture. Other office bearers will be announced at a later date. The report also provides furniture market forecasts 2020 and 2021. SHANGHAI FURNITURE SHOW (9-12 Sept 2019) It has been a fantastic success !!! The Squeeze Will Continue, Timber Industry In Business During Pandemic, Wirecard Expands Möbel Inhofer’s Payment App, Leanwares Industry Company – Doing it right the first time. Sqm. It was founded in 2004 … According to Vietnam customs data, Vietnam imports recorded US$ 236 billion in 2018, which rose from the previous year’s US$ 213 billion. Furniture, bedding, lighting, signs and prefabricated buildings represents the fastest grower among the top 10 export categories, up by 66.3% from 2018 to 2019. Vietnam's exports 2019 by country . Thai Multi-Industry Collaboration Project, Furniture Brand Furnitech Sets Foot Into E-Commerce In India, Container Shortage In Asia Pushes Up Shipping Costs, Second-Generation Enterprise Navigates the “New Normal” – Vissani Casa, US Furniture Insights Executive Summary (November 2020 Report), Overcome the challenges of remote learning by focusing on well-being, COVID Shutdowns Crushed Home Furnishings And Furniture Stores. 2,420. In comparison, U.S. imports from …

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