Furniture imports hit $15 billion.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. -- U.S. furniture imports eclipsed $15 billion for the first time last year and, in the process, pushed the nation's furniture trade deficit to an unprecedented height. Furniture made in China represented 43% of the $15.9 billion total. U.S. imports of wood and upholstered furniture from China climbed 22.3% to nearly $6.8 billion, far more than double that of Canada's $2.6 billion and nearly more than the next seven countries combined. U.S. furniture exports, meanwhile, increased 9% to $1.4 billion last year compared to 2003, resulting in a record trade deficit of $14.5 billion. U.S. furniture imports to 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 increased 17.9% from $577 million in 2003 to $680 million in 2004. Total U.S. exports were less than the $1.5 billion in wood bedroom furniture imported from China, a segment that continues to grow despite the U.S. Department of Commerce's decision in the widely publicized pub·li·cize tr.v. pub·li·cized, pub·li·ciz·ing, pub·li·ciz·es To give publicity to. Adj. 1. publicized - made known; especially made widely known publicised antidumping an·ti·dump·ing adj. Intended to discourage importation and sale of foreign-made goods at prices substantially below domestic prices for the same items. case last December December: see month. to impose tariffs This is a list of tariffs and trade legislation:
Vietnam continued its power surge An oversupply of voltage from the power company that can last up to 50 microseconds. Although surges are very short in duration, they often reach 6,000 volts and 3,000 amps when they arrive at the equipment. Power surges are a common cause of damage to computers and electronic equipment. , climbing to No. 8 in the standings of Top 10 U.S. furniture import sources. Imports from Vietnam increased by 112% to $436 million last year. Vietnam blew by Brazil, even though the South American country experienced a 40% increase in furniture exports to 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. . The weak dollar helped drag furniture imports from Italy down 11.3% to $1.1 billion. Taiwan, which was the leading source of U.S. furniture imports throughout the latter half of the 1980s, tumbled out of the Top 10, opening up a spot for the Philippines. [GRAPHIC OMITTED]
TOP 10 U.S. FURNITURE
IMPORT SOURCES
(in 5 millions)
2004 2003 % Change
1 CHINA 6,790 5,554 +22.3
2 CANADA 2,632 2,531 +4.0
3 ITALY 1,086 1,224 -11.3
4 MEXICO 737 646 +14.1
5 MALAYSIA 729 594 +22.7
6 INDONESIA 632 606 +4.3
7 THAILAND 516 417 +23.7
8 VIETNAM 436 206 +111.7
9 BRAZIL 411 294 +40.0
10 PHILIPPINES 231 211 +9.5
TOP 10 14,200 12,283 +15.6
ALL OTHERS 1,716 1,576 +8.8
Total Imports 15,916 13,859 +14.8
Total U.S. Furniture Exports 1,406 1,290 +9.0
U.S. FURNITURE TRADE DEFICIT 14,510 12,569 +15.4%
Source U.S. Dept. of Commerce
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