On February 14, the General Administration of Customs released important data for import and export in January 2019. Among them, the export of furniture was 38.18 billion yuan, an increase of 18.9% over the same period of last year. Export growth is very strong.
In January, the total import and export value of China's goods trade was 2.73 trillion yuan, an increase of 8.7% over the same period last year. Among them, exports were 1.5 trillion yuan, up 13.9%; imports were 1.23 trillion yuan, up 2.9%; trade surplus was 271.16 billion yuan, an increase of 1.2 times.
The export growth rate of furniture exceeded the growth rate of all goods trade by 6%, indicating that the export situation of the furniture industry is very good.
Customs import and export data is released very quickly, while the data release of furniture manufacturing and sales is relatively lagging behind.
However, combing the important data of the three furniture industry in 2018 will help us to thoroughly understand the overall development of the furniture industry in the past year from a macro perspective, and have a reliable foundation for this year's industry analysis.
Furniture manufacturing revenue increased slightly by 4.5%
According to the National Bureau of Statistics, the annual operating income of the furniture manufacturing industry in the year of 2018 was 708.17 billion yuan, an increase of 4.5% over 2017. The total profit for the year was 42.59 billion yuan, an increase of 4.3% over 2017.
The main business income of the furniture manufacturing industry reached 701.19 billion yuan, an increase of 4.3% over the previous year. The wood processing and products industry related to the home industry achieved revenue of 921.03 billion yuan, a year-on-year increase of 2.1%.
Compared with other industries, the furniture industry has not achieved an average profit growth. In 2018, the total profits of industrial enterprises above designated size reached 6,635.14 billion yuan, an increase of 10.3% over the previous year. The furniture industry's profits only increased by 4.3%. However, compared with the reduction of profits in nine industries, the furniture industry is still barely able to pass.
Compared with the growth of the furniture industry, the textile industry's revenue has experienced a negative 0.2% decline.
Among the 41 industrial categories, the total profit of 32 industries increased from the previous year. It shows that the overall economic development is not bad.
Sales of furniture above designated size grew faster
Compared with the slight increase in operating income of the furniture manufacturing industry, the retail retail sector is mainly driven by the higher growth rate of operating income of retail enterprises above designated size.
According to the National Bureau of Statistics, in 2018, the total retail sales of furniture retail enterprises above designated size reached 224.98 billion yuan, a year-on-year increase of 10.1%. Among them, furniture sales enterprises above designated size in the month of December sold 25.05 billion yuan of furniture, a sharp increase of 12.7% over the same period last year. It set the second-highest year-on-year growth rate in the year.
The manufacturing side has increased slightly, and the retail market has soared, mainly due to the large increase in large-scale retail furniture companies , which can be interpreted as consumption upgrades. People are more willing to buy furniture in large furniture stores. It also shows that the large-scale chain furniture stores in the country’s ambitious expansion plans are indeed Has a market support base.
The profits of the furniture industry will be more concentrated on the sales side, which is also in line with the traditional business theory: the main part of the profit belongs to the design and sales side, and the manufacturer is often the meager profit.
Export is better than people expected
In 2018, China and the United States launched a large-scale trade war. How has the export of furniture industry been affected?
On January 14, 2019, the State Council Information Office released import and export data for the whole year of 2018. Among them, the import and export of foreign trade related to the home industry has achieved steady growth.
In terms of imports, the import value of logs and sawn timber was US$21.12 billion, a year-on-year increase of 5.6%.
In terms of exports, the export value of furniture and its parts was US$53.69 billion, a year-on-year increase of 7.6%.
The trade surplus between China and the United States, which attracted people's attention, continued to expand in 2017 compared with 2017. In terms of overall foreign trade, the trade surplus narrowed compared with 2017.
The specific data is that China's imports and exports to the United States reached 4.18 trillion yuan in 2018, a year-on-year increase of 5.7%. Among them, exports to the US 3.16 trillion yuan, an increase of 8.6%; imports from the United States 1.02 trillion yuan, down 2.3%; trade surplus of 2.14 trillion yuan, an increase of 14.7%. In dollar terms, the total value of bilateral trade between China and the United States in 2018 was US$633.52 billion, an increase of 8.5% year-on-year. Among them, exports were 478.42 billion US dollars, up 11.3%; imports were 155.1 billion US dollars, up 0.7%; trade surplus was 323.32 billion US dollars, up 17.2% year-on-year. In 2018, the trade surplus between China and the United States has expanded.
The situation of the import and export of the furniture industry is consistent with the overall foreign trade situation. It shows that China's foreign trade competitiveness is still strong, and the foreign trade competitiveness of the furniture industry is still strong.
The announcement of the basic data of the three major furniture industries will help the furniture people see what happened in the furniture industry in 2018 and help to think about what should be done in 2019?
Under the background of the country's successive measures to stabilize the economy, after the monetary easing in January, the stock market has regained its good momentum, and the state attaches great importance to the construction of a soft environment for economic development. It has successively introduced policies that are conducive to the development of small and micro enterprises. The signal has repeatedly shown that the steady development of China's economy in 2019, the steady development of China's furniture industry is promising to achieve the goal.
For more information, please pay attention to the official website of Xianghe Furniture City http://
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