China's Furniture And Parts Exports in The First Three Quarters Were 324.37 Billion Yuan

Oct 19, 2023

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On October 13, the State Administration of Customs released China’s foreign trade data for the first nine months of this year.

According to customs statistics, in the first three quarters of this year, China's furniture and parts exports were 324.37 billion yuan, down 2.7% year-on-year, but the decline continued to narrow; ceramic product exports were 134.73 billion yuan, down 7.9% year-on-year; lamps, The export value of lighting devices and parts was 219.82 billion yuan, an increase of 1.0% year-on-year.

 

Looking at the single month of September, exports of furniture and parts continued to maintain a growth trend, rising 5.3% month-on-month to 38.22 billion yuan; exports of ceramic products were 15.71 billion yuan, rising 2.9% month-on-month, turning from negative to positive; lamps, lighting devices and Its parts export volume was 26.16 billion yuan, down 4.6% month-on-month, and the decline further expanded.

 

From the perspective of the overall environment, data released by the General Administration of Customs show that in the first three quarters, China's total import and export value was 30.8 trillion yuan, a slight decrease of 0.2% year-on-year. Among them, exports were 17.6 trillion yuan, a year-on-year increase of 0.6%; imports were 13.2 trillion yuan, a year-on-year decrease of 1.2%. From a quarterly perspective, imports and exports increased quarter by quarter. In the first, second and third quarters, imports and exports were 9.72 trillion, 10.29 trillion, and 10.79 trillion yuan respectively. From a monthly perspective, imports and exports in September were 3.74 trillion yuan, 2 consecutive times month-on-month. Month-on-month growth, the scale hit a new high in a single month during the year.

 

In terms of international trade relations, in the first three quarters, my country's imports and exports to emerging markets such as Central Asia, Africa, and Latin America increased by 33.7%, 6.7%, and 5.1% respectively, all higher than the overall growth rate of my country's foreign trade; recently, my country's imports and exports to the European Union, the United States, etc. Imports and exports in traditional markets have also improved significantly. In addition, imports and exports to countries co-building the “Belt and Road” are better than overall. In the first three quarters, my country's imports and exports to countries co-building the "Belt and Road" were 14.32 trillion yuan, a year-on-year increase of 3.1%, accounting for 46.5% of the total import and export value.

 

On the same day, Lu Daliang, spokesman for the General Administration of Customs and director of the Statistics and Analysis Department, said at a press conference on import and export conditions in the first three quarters held by the State Council Information Office that in the first three quarters, my country's foreign trade exports achieved a growth of 0.6%, especially In the past two months, exports have shown more positive changes. In August and September, the export scale continued to expand, with month-on-month growth of 1.2% and 5.5% respectively. The trend of stabilization and recovery is obvious.

 

"As for the export trend in the fourth quarter, we believe that the unstable recovery momentum of the world economy is still the biggest challenge facing exports, but the comprehensive competitive advantage of my country's exports is still solid." Lu Daliang said that China Customs trade boom statistical survey results show that 9 The proportion of companies that reported that export orders remained stable or increased in August increased by 0.8 percentage points compared with August, and the proportion of companies that expressed optimism about future exports increased by 1.3 percentage points. "Overall, thanks to strong policies, corporate efforts, and the joint efforts of all parties, exports are expected to stabilize and improve in the fourth quarter." wood168.net Wood Industry News Center