China and Vietnam regain furniture market share in US

Source:
ITTO
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Data source: US Department of Commerce, US Census Bureau, Foreign Trade Statistics

US wooden furniture imports recovered from the decline recorded in February. March wooden furniture imports were worth US$1.40 billion, up 37% from February. Yearto-date imports were 13% higher than in March 2014.

Both China and Vietnam regained the market share they had lost in recent months. Furniture imports from China were worth US$660.3 million in March. Year-to-date imports were 16% higher than in March 2014. China‟s share in total US furniture imports to date in 2015 was 48%, up one percentage point from 2014.

Vietnam's furniture import share was 18%, up from 17% in March 2014. Imports from Vietnam were US$254.0 million in March.

Wooden furniture imports from most other countries grew as well from the previous month, including imports from Europe. However, year-to-date imports from Malaysia and Indonesia were slightly lower than at the same time last year.

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