The United States and the EU are the main export markets. From January to November this year, Guangdong exported US $ 4.03 billion in furniture to the US, an increase of 35.8%; and exported US $ 2.46 billion to the EU, an increase of 27.4%. The total exports to the above two accounted for 53.6%. During the same period, it exported 1.17 billion US dollars to ASEAN, becoming the third largest furniture export market in Guangdong.
Private companies have surpassed foreign-invested companies to become the main export force. From January to November this year, Guangdong private enterprises exported furniture worth US $ 5.9 billion, an increase of 63%, accounting for 48.7%, accounting for 7.6 percentage points higher than the same period last year, surpassing foreign-invested enterprises and becoming the main export force; during the same period, foreign-invested enterprises exported 4.94 billion US dollars, an increase of 22.7%, accounting for 40.8%; state-owned enterprise exports of 1.01 billion US dollars, an increase of 8.7%, accounting for 8.3%.
Customs analysis said that the rapid growth of Guangdong's furniture exports since this year is mainly due to the global economic recovery and the gradual recovery of external demand, which has pushed Guangdong furniture exports to maintain a relatively high level. Especially since the China-ASEAN Free Trade Zone was established this year, the export of furniture to ASEAN has increased significantly, and it has become an important force driving the growth of Guangdong's furniture exports.
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