Living, dining and bedroom furniture-foreign trade
Fewer exports in the first quarter
In the first quarter of 2019, 7.2% less residential, dining and bedroom furniture was exported than in the same period of the previous year. As a result, this segment achieved export sales of EUR 223 million by March of this year, according to the official statistics of the Association of the German Home Furniture Industry.
Exports decreased in all countries of the ten largest residential, dining and bedroom furniture customers from Germany to Luxembourg (+ 4.5%). Significantly less imported Austria (-11.1%), Switzerland (-9.3%), Great Britain (-16.8%) and Belgium (-11.9%).
Import is increasing slightly
On the import side, however, there was an increase of 1.9% (434 million euros). From Poland alone, living, dining and bedroom furniture valued at 179 million euros (+ 11.0%) came to Deuschland in the first three months. Particularly striking is that imports from India have grown by 25.2% compared to the first quarter. The South Asian country is now ranked fourth among the largest exporters in this segment with 15 million euros.