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Vietnam replaces China as largest furniture exporter to US
By Dat Nguyen May 4, 2021 | 06:55 pm GMT+7
Workers handle plywood on conveyor belts in the central province of Quang Binh. Photo by Shutterstock/Loner Nguyen.
Vietnam has overtaken China as the largest furniture exporter to the U.S. as tariffs drive manufacturers out of the world’s second largest economy.
Vietnam exported $7.4 billion worth of furniture to the U.S. last year, compared to China’s $7.33 billion, according to data from U.S. magazine
Furniture Today. This marked a 31 percent year-on-year surge for Vietnam, while that of China fell 25 percent.
The shift has happened over the past two and a half years with the U.S. imposing tariffs as high as 25 percent on almost all furniture categories from China, pushing manufacturers to move out.