Guangdong furniture exports rebounded strongly and hit new highs

Since the furniture export tax rebate increased to 15% in June this year, the scale of Guangdong furniture exports has steadily expanded. In November, exports rebounded strongly, reaching US$1.02 billion, up 13.7% year-on-year, and up 16.1% from October. With a record high, exports to ASEAN have increased by 2.8 times. According to statistics released by Guangzhou Customs on the 16th, from January to November 2009, Guangdong exported a total of 8.81 billion US dollars of furniture and parts, down 5.9% over the same period last year. Among them, the export of furniture by general trade was 6.18 billion US dollars, an increase of 4.8%, accounting for 70.1% of the total value of Guangdong furniture exports during the same period; the processing trade exports were 2.42 billion US dollars, down 25%, accounting for 27.5%. From January to November, Guangdong exported US$2.97 billion to US furniture, down 19%; exports to the EU reached US$1.93 billion, down 8.9%, which together accounted for 55.6% of Guangdong's total furniture exports during the same period. In addition, exports to ASEAN amounted to US$1 billion, a 1.3-fold increase; exports to the Middle East reached US$740 million, an increase of 14.9%. In November alone, it resumed a growth of 1.3% for the United States and a 2.8-fold increase for ASEAN. Shenzhen, Dongguan and Foshan are major export markets. In the first eleven months, Shenzhen exported 2.68 billion US dollars of furniture, an increase of 8.6%; Dongguan's exports reached 2.16 billion US dollars, down 15.4%; Foshan's exports reached 1.09 billion US dollars, down 12.8%; the above three together accounted for 67.3% of Guangdong's total furniture exports during the same period . It is noteworthy that international trade barriers against Chinese furniture exports are still emerging. The technical barriers frequently introduced by countries such as Europe and the United States are increasingly restricting the export of furniture in Guangdong. Since the beginning of this year, the United States has issued a number of regulations, which will not only significantly increase the export cost of Guangdong furniture enterprises to the United States, but also be easily imitated and abused by other countries. The external pressure on furniture exports will increase significantly. Relevant experts suggest that furniture companies should be guided and encouraged to optimize the structure of export products and explore emerging markets, establish their own overseas sales channels, reduce their reliance on European and American markets, increase the design and technological innovation of furniture products, and target the consumption of major markets. The actual situation of decline, the development of new products for market demand; guide the furniture industry to establish a modern management system, pay attention to the renewable recycling in the furniture production process, and actively adapt to the regulatory changes in the major export markets.

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