Top Furniture Exporters to the U.S., 2023

The U.S. remains one of the world's largest furniture markets, importing $32.4 billion worth of furniture in 2023. This industry is fueled by a handful of key exporting nations that supply a significant share of the U.S. market.

China and Viet Nam Lead the Market

China continues to be the largest furniture exporter to the U.S., contributing $9.4 billion in 2023. Despite increasing competition and shifting global supply chains, China remains dominant in this sector.

Viet Nam follows closely with $8.6 billion in exports, solidifying its position as a major furniture producer. The country has gained market share over the past decade due to its competitive labor costs and expanding manufacturing capabilities.

Key Exporting Countries

Apart from China and Viet Nam, several other countries play an important role in supplying furniture to the U.S.:

• Mexico – $3.2 billion
• Canada – $2.2 billion
• Italy – $1.3 billion
• Indonesia – $1.3 billion
• Malaysia – $1.1 billion
• India – $676 million

Southeast Asia’s Growing Influence

Southeast Asian nations, particularly Viet Nam, Indonesia, and Malaysia, have emerged as crucial players in the global furniture industry. Their growth is driven by low production costs, abundant raw materials, and strong export policies. These countries are also benefiting from companies diversifying supply chains away from China.

The Role of North America and Europe

Mexico and Canada maintain their importance as major furniture suppliers to the U.S., benefiting from geographical proximity and trade agreements like the USMCA. Meanwhile, Italy remains the top European exporter, known for its high-end and luxury furniture brands.

Conclusion

The global furniture trade continues to evolve, with Asian countries leading the market and North American and European suppliers maintaining a steady presence. As demand for furniture remains strong in the U.S., the competition among top exporters will continue to shape industry trends in the coming years.

Source: Home Furnishings Association via Mann, Armistead & Epperson