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Guangdong furniture exports continued to surge in growth has almost doubled in ASEAN



A number of regional characteristics of the furniture production and export bases in Guangdong began to appear at the same time, design standards and product quality is rising, thereby stimulating export growth.

According to Guangzhou Customs statistics released on 19, January-August 2010, Guangdong exported 8.53 billion U.S. dollars of furniture, 42% more than last year. Among them, 1.18 billion U.S. dollars of exports to ASEAN, a substantial increase of 94%.

Data show that from April to August this year, Guangdong's furniture exports for 5 months were 30% year on year increase over the value of monthly exports continue to run high. August the month in which exports of 1.19 billion, an increase of 51%.

U.S. and EU as the main export market, from January to August, U.S. exports of furniture in Guangdong 2.89 billion, up 40%; exports to the EU 1.78 billion, up 31%; together accounted for exports of these two export value over the same period of Guangdong Furniture five into five. The same period, exports of 1.18 billion U.S. dollars to ASEAN, a substantial increase of 94% of Guangdong's third-largest furniture export market.

Customs analysts say, at present, many parts of the furniture industry in Guangdong become a pillar industry, a number of regional characteristics of the furniture production and export base started to become apparent, the increasing scale; same time, the design level and product quality is also much improvement . Enhance its own power, coupled with the improvement of world economic environment, especially this year China - ASEAN free trade area is built, gradual recovery in external demand, and promote a substantial increase in exports of furniture in Guangdong.

Customs also reminded, Guangdong furniture exports face unfavorable factors of concern, namely trade barriers gradually increased, and second, European and American housing market is still in the doldrums, the follow-up spending power will be restricted. At the same time, furniture, raw materials prices have also continued to rise. In addition, China to restart foreign exchange reform, the RMB exchange rate fluctuations of major currencies, increasing the export of furniture production and operation pressure.

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2010-10-10