Vietnam is the 7th largest wooden furniture supplier to Germany in the first 7 months of 2021, reaching 109.4 million USD, up 21.4% over the same period in 2020.
According to calculations from statistics from the International Trade Center (ITC), in July 2021, Germany imported wooden furniture reached 475.1 million USD, down 0.4% compared to July 2020. Generally in the first 7 months of 2021, Germany’s wooden furniture imports reached 3.66 billion USD, up 25.5% over the same period in 2020.
In the first 7 months of 2021, Germany imported the most wooden furniture from Poland and China, the proportion of imports from these two markets accounted for 51.8% of the total import value of wooden furniture of Germany.
In which, Germany’s import of wooden furniture from China achieved a fast growth rate in the first 7 months of 2021, reaching 508.1 million USD, up 50.9% over the same period in 2020.
Vietnam is the 7th largest wooden furniture supplier to Germany in the first 7 months of 2021, reaching 109.4 million USD, up 21.4% over the same period in 2020. Import share from Vietnam only 3% of the total value of German wooden furniture imports.
Thus, there are still many opportunities for Vietnamese enterprises to exploit in the German market, especially it is necessary to take full advantage of the tariff benefits in the EVFTA Agreement between the EU and Vietnam to improve their competitiveness compete for wooden furniture products in the German market in the near future.
Germany imported living room and dining room furniture, wooden frame chairs with a high value in the first 7 months of 2021. In which, leading by living room and dining room furniture products reached 1. $48 billion, up 23.9% over the same period in 2020. Germany imports living room and dining room furniture mainly from the Polish market with a value accounting for 33.7% of the total furniture import value. living room and dining room. Followed by China, Italy, India… Exported wooden frame chairs reached 1.37 billion USD, up 28.6% over the same period in 2020. Germany imported wooden frame chairs from some main markets in The first 7 months of 2021 such as: Poland, China, Romania, Hungary…