Heilongjiang Province's furniture exports bottomed out and the total value of exports was higher than the same period

According to Harbin Customs statistics, in the first half of 2011, Heilongjiang Province's furniture and its parts (hereinafter referred to as furniture) exports totaled 360 million US dollars, an increase of 31.1% over the same period last year (the same below), accounting for 4.4% of the province's total export value during the same period. Ranked 6th in the province's major export commodities.

The total value of exports bottomed out. In February of this year, the total value of furniture exports in Heilongjiang Province was only US$0.3 billion, down 26.9% year-on-year and 49% quarter-on-quarter, the lowest value this year. Furniture exports rose steadily from March, and exports in June reached US$0.9 billion, up 22% year-on-year. %, a sequential increase of 5.5%, a record high since last year; an increase of 74.7% in April, the highest year-on-year increase this year.

The market share in Europe and the United States is mostly. Due to the gradual weakening of the financial crisis, the demand for office and civilian furniture in the European and American markets is increasing. In addition, the furniture exported from Heilongjiang Province is cheap and has a certain price advantage. It is deeply loved by the European and American markets and exports are growing rapidly. In the first half of this year, Heilongjiang Province exported furniture to the EU for US$100 million, an increase of 1.1 times; exports to the United States reached US$90 million, an increase of 98.6%; exports to ASEAN reached US$30 million, a decrease of 27%; exports to Canada reached US$0.1 billion, an increase of 1.8 times. Exports to the above four countries (regions) accounted for 66.9% of the total value of furniture exports in the same period.

Although the current furniture export situation in Heilongjiang Province is good, there are still constraints in the future of furniture exports that cannot be ignored. First, the price advantage is gradually weakened. The rising import prices, transportation and labor prices of logs have led to an increase in production costs and a decrease in profits. Second, the trade barriers suffered will become more and more demanding. From July 1st, the United States "Standards for the Composite Wood Products Formaldehyde Act" was officially implemented, and the bill once again reduced the amount of formaldehyde released in the sale and wholesale of wood products throughout the United States. The industry expects that 30% to 40% of export enterprises in the wood products manufacturing industry will be affected, the comprehensive cost of raw materials will increase by 5% to 7%, and the number of furniture exports to the United States will decrease.

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