Guangdong furniture enterprises generate USD10.2 billion in 2008
Asia Observatory

06 April 2009

Guangdong furniture enterprises generate USD10.2 billion in 2008

The total output value of the Guangdong forestry industry in 2008 totaled RMB140.4 billion yuan. The total value of Guangdong foreign trade amounted to USD15.754 billion.
Of the total, the value of exports was USD10.227 billion and the value of imports was USD5.527 billion. According to official statistics, there are 20,000 factories and 2 million employees engaged in timber processing in Guangdong. There are 6,000 furniture enterprises with RMB5 million yuan of annual sales revenue. The total output value of wooden and bamboo furniture from Guangdong exceeded RMB100 billion yuan in 2008, making up 30% of the national total.
According to the statistics from Gongbei Customs, the value of furniture exports through Guangdong Port rose 24% to USD800 million when comparing monthly figures from January 2009 to February 2009. The US was still the largest destination market for Guangdong furniture and the value of furniture exports to the US grew 11% to USD370 million, making up 46% of Guangdong’s total exports. In addition, the value of furniture exports to Hong Kong increased 29% (USD180 million), and jumped 49% to the EU (USD130 million).

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