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2023

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Furniture manufacturers: foreign trade has increased exponentially, enterprises looking for new cross-border growth points

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"Nankang Furniture Factory began to do cross-border business in the past two years are multiplying." Shen Fei, chairman of Jiangxi Home Children Co., LTD., who has been deeply engaged in foreign trade for many years, lamented that more and more furniture factories began to enter cross-border business.

The China economic weekly "reporter Appalachian state | jiangxi reports

"Nankang Furniture Factory began to do cross-border business in the past two years are multiplying." Shen Fei, chairman of Jiangxi Home Children Co., LTD., who has been deeply engaged in foreign trade for many years, lamented that more and more furniture factories began to enter cross-border business.

"Foreign trade accounts for 70 percent of the company's business," Shen said. "Almost all of the growth in the past two years has come from foreign trade."

Chen Zhongfeng, founder of Ganzhou Haiyue Furniture Co., LTD., is one of them. As one of the first new forces to contact e-commerce in Nankang District, Ganzhou City, Jiangxi Province, Haiyue Furniture has been doing business in the domestic market for more than 10 years, and has become the leading enterprise of Nankang furniture e-commerce. This year, Chen Zhongfeng also plans to make efforts to foreign trade, "in fact, want to walk on multiple legs" and "look for a new growth curve of the enterprise".

With fierce competition in the domestic market, enterprises are looking for new growth points across borders

How prosperous is Nankang's foreign trade business? According to the local bureau of Commerce, Nankang's foreign trade exports reached 7.492 billion yuan in 2022, up 41.8 percent year on year.

Liu Hui, president of the Nankang E-commerce Association and chairman of Ganzhou Arirang E-commerce Co., estimates that the number of companies doing cross-border business has increased by 40% in the past two years.

Nankang furniture industry cluster with solid wood furniture has exceeded 230 billion yuan in total output value in 2022, which is the most distinctive and largest industrial cluster in Ganzhou City.