Shenzhen high-quality furniture is popular in the ASEAN market

In the two months since the China-ASEAN Free Trade Zone was officially launched on January 1, 2010, Shenzhen and ASEAN's import and export goods have experienced a substantial growth, especially Shenzhen furniture with excellent quality and craftsmanship is particularly sought after by the ASEAN market. Among them, the number of exports to Singapore is the largest, and the market demand in Thailand is growing fastest.

Statistics from the Shenzhen Inspection and Quarantine Bureau show that in the first two months of this year, the value of Shenzhen ’s furniture exports reached US $ 450 million, up 152.7% year-on-year, of which exports to ASEAN accounted for half of the country ’s total, reaching US $ 250 million, up 307.3% year-on-year. The furniture exported to Singapore is the most, with a value of 120 million US dollars, accounting for about half of ASEAN furniture exports. Exports to Thailand grew the fastest, up 10.3 times year-on-year, with a value of 46.08 million US dollars. Countries with an export value of more than US $ 35 million were also added to four countries or regions including Singapore by the United States last year.

It is understood that, due to the strong demand for ASEAN export, the proportion of traditional furniture export markets in Shenzhen such as Europe and the United States decreased from 20% in the same period last year to 15%, showing that the dependence on traditional markets such as Europe and the United States has weakened, showing " "The West is not bright and the East is bright". The gratifying export situation of large enterprises is another highlight of the ASEAN furniture market. Among the more than 300 export furniture manufacturers in Shenzhen, there were 8 export goods valued at more than US $ 10 million from January to February this year, and only 3 last year. The export growth rate of furniture produced by large enterprises is as high as 407.2%, while other enterprises only grow by 23.5%. (Deep inspection) "China National Times"

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