2004 furniture trade gap hits $10.5 billion and counting.WASHINGTON Washington, town, England Washington, town (1991 pop. 48,856), Sunderland metropolitan district, NE England. Washington was designated one of the new towns in 1964 to alleviate overpopulation in the Tyneside-Wearside area. -- The United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. imported $10.5 billion more in wood furniture and components than it exported through the first three quarters of 2004, establishing a new record January-September furniture trade deficit. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. U.S. Department of Commerce figures, 89% of the nearly $11.6 billion furniture import total stemmed stemmed adj. 1. Having the stems removed. 2. Provided with a stem or a specific type of stem. Often used in combination: stemmed goblets; long-stemmed roses. from the 10 largest source countries summarized in the accompanying table. While total imports increased 15.3% during the first nine months, U.S. furniture exports increased 9.4% to $1.03 billion. China, +24.4%, widened its lead over Canada Canada (kăn`ədə), independent nation (2001 pop. 30,007,094), 3,851,787 sq mi (9,976,128 sq km), N North America. Canada occupies all of North America N of the United States (and E of Alaska) except for Greenland and the French islands of , +2.7%, and now accounts for 42.4% of U.S. wood furniture imports. The strongest gains were made by Vietnam Vietnam (vēĕt`näm), officially Socialist Republic of Vietnam, republic (v), 128,400 sq mi (332,642 sq km), Southeast Asia. Occupying the eastern coastline of the Southeast Asian peninsula, Vietnam is bounded by China on the north, by Laos , +95.7%; Brazil, +44.4%; and Thailand, +26.5%. Italy, -7.9%, was the only country among the top 10 to record a decrease.
Top 10 Sources of U.S. Furniture Imports
(in $millions)
Jan.-Sept. 2004 vs. 2003 % Change
China 4,900 3,939 +24.4
Canada 1,926 1,875 +2.7
Italy 835 907 -7.9
Mexico 543 469 +15.8
Malaysia 527 431 +22.3
Indonesia 478 457 +4.6
Thailand 363 287 +26.5
Brazil 299 207 +44.4
Vietnam 272 139 +95.7
Philippines 167 164 +1.8
Top 10 Total 10,310 8,875 +16.2
World Total 11,551 10,021 +15.3
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