From Home Furnishing Business
Fast Fact: Furniture Imports Versus Exports, Gap Widens
2018 by Laurie Northington in Economic News, Industry
The Great Recession, 2007 to 2009, created a major collapse in international trade, affecting both imports and exports of household furniture. While a healthy economy has propelled import growth since then, exports are still struggling.
In 2017, data from the U.S. Census Bureau showed household furniture products at $30.7 billion in imports versus only $3.2 billion in exports.
Despite an upswing of $1 billion in export growth from 2009 to 2015, household furniture exports declined by 7.1 percent down to $3.15 billion from 2015 to 2017.
For an in-depth look at the numbers, click here.