2024 First half of Guangdong furniture exports 65.3 billion yuan
2024 First half of Guangdong furniture exports 65.3 billion yuan
The data shows that China's furniture industry foreign trade exports exhibited a healthy growth trend in the first half of 2024, mainly reflected in the following aspects:
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Guangdong's furniture exports achieved relatively fast growth, with a 19.1% year-on-year increase in export value in June alone. As China's largest foreign trade province, Guangdong's total foreign trade value in the first half of the year hit a new historical high.
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The export delivery value of the national furniture manufacturing industry increased by 6.3% cumulatively from January to June, with a 5.2% year-on-year increase in June, demonstrating stable foreign trade performance.
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The overall business performance of the furniture industry has improved, with a 5.9% year-on-year increase in operating revenue and an 18.5% year-on-year increase in total profits for large-scale enterprises in the first half of the year.
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This was mainly driven by the optimization and adjustment of real estate market policies, which further released the potential of furniture consumption demand, as well as the industry's improvement in product innovation and customization capabilities, better meeting the increasingly diversified needs of consumers.
In summary, China's furniture industry foreign trade exports exhibited a good development trend in the first half of 2024, with both internal and external factors contributing to the continued improvement in the industry's overall business performance. This has laid a good foundation for the industry's development throughout the year.
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