28.2 C
Moscow
Sunday, June 26, 2022
spot_img

Share of exports 16%

(+58%) Furniture Exports • Jan-Jun 2021/20

From January to June 2021, the volume of furniture exports from Russia reached 292.7 million USD. This represents a 57.6% increase to the corresponding period of the previous year. This gross estimation also includes parts of furniture, mattresses, bedding, mattress supports, healthcare and other professional furniture, so the HS codes 9401, 9402, 9403, 9404 are considered.

The weighted average of the currency exchange rate was 74.2781 RUB for 1 USD in the current period under review. This rate shall be used to accurately convert the exported value to rubles, for further market analysis in parallel to furniture imports and domestic production numbers given in current manufacturers’ prices.

Within the recent years, Russian manufacturers are consistently investing their resources into product development and promotion in foreign markets, including exhibition activity. Each year, more and more newcomers are joining the pool of exporting enterprises in the Russian furniture industry, with a constant positive dynamics of those shipments being shown for several years in a row.

Ten years ago, the share of exported furniture produced by the Russian manufacturers accounted only about 6% of the entire output. Currently, as per our calculation, the export ratio within domestically manufactured furniture is reaching 16% in the reporting period.

The exports data provided here is a preliminary estimation made by the Russian Federal Customs Service immediately after the reporting period, available at the time this news item is being published. Evidently, numbers are subject to change: the Customs update their analytics retrospectively, even a long time after the reporting period is finished. Those updated numbers and most actual data shall be included into our extended Market Reports.

Related Articles

(+15%) Furniture Exports • Jan 2022/21

In January 2022, the volume of furniture exports from Russia reached 39.7 million USD. This represents a 14.7% increase to the corresponding period of...

(+43%) Furniture Exports • Jan-Dec 2021/20

From January to December 2021, the volume of furniture exports from Russia reached 670.5 million USD. This represents a 42.8% increase to the corresponding...

(+46%) Furniture Exports • Jan-Nov 2021/20

From January to November 2021, the volume of furniture exports from Russia reached 596.2 million USD. This represents a 46.1% increase to the corresponding...

LATEST MARKET STUDY

spot_img

COVID-19 CASES

Russia
192,476
Total active cases
Updated on 26.06.2022 19:33
18,418,881
Total confirmed cases
Updated on 26.06.2022 19:33
380,892
Total deaths
Updated on 26.06.2022 19:33
17,845,513
Total recovered
Updated on 26.06.2022 19:33

CURRENCY EXCHANGE RATES

RUB - Russian Ruble
EUR
60.9451
USD
58.3750

Latest Articles