US Dollar Exchange Rates of
10th
December
2025
China Yuan 7.06
Report from China
Significant growth in particleboard exports
According to China Customs, from January to September
2025 China’s particleboard exports totalled 619,000
tonnes valued at US$267 million, up 67% in volume and
28% in value over the same period of 2024.Only exports
to Taiwan P.o.C fell while other top destinations posted
increase.
South Korea became the largest destination for
particleboard exports with volumes surging to 106,000
tonnes from January to September 2025. Particleboard
exports to Vietnam and Peru surged 149% and 303%
respectively from January to September 2025.
China has exported particleboard to Asia, Africa and Latin
America markets aided by the development of the Belt and
Road initiative. The demand for lower cost particleboard
in Asia, Africa and Latin America has increased which
drove China's export of particleboard to these countries in
recent years.
Decline in particleboard imports
According to China Customs, from January to September
2025 particleboard imports totalled 467,000 tonnes valued
at US$224 million, down 19% in volume and 12% in
value over the same period of 2024.
Brazil was the largest supplier of China’s particleboard
imports from January to September 2025.
China’s particleboard imports from Brazil rose 9% to
113,000 tonnes, accounting for 24% of the national total
for the period. In addition, China’s particleboard imports
from Germany and Italy grew 4% and 35% respectively
from January to September 2025.
It has been reported that China-Europe freight train route
has become a strong bond for China-Europe trade
cooperation. Germany and Italy are the beneficiaries in
particleboard trade by the China-Europe Railway Express
opening.
In contrast, China’s particleboard imports from Thailand,
Poland, Belarus and Austria have decreased 53%, 14%,
26% and 20% respectively significantly from January to
September 2025.
Surge in fibreboard exports to Vietnam
China’s fibreboard exports to Vietnam, the largest
destination, surged over 120% to 501,000 tonnes from
January to September 2025. China’s fibreboard exports to
Saudi Arabia, Mexico, UAE and Canada rose 10%, 24%,
26% and 20% respectively from January to September
2025. In contrast, China’s fibreboard exports to Nigeria
and USA fell 1% and 9% respectively from January to
September 2025
China’s fibreboard exports to the vast majority of the top 7
markets rose at different rates resulting in an increase in
the total national fiberboard exports.
Rise in fiberboard imports
From January to September 2025 China’s fibreboard
imports were 45,000 tonnes valued at US$33 million, up
16% in volume but down 4% in value over the same
period of 2024.
New Zealand was the largest supplier of fibreboard
imports from January to September 2025. China’s
fibreboard imports from New Zealand rose 95% to 22,000
tonnes over the same period of 2024.
It is worth noting that China’s fibreboard imports from
Malaysia surged over 680%, from Spain and Poland they
grew 34% and 4% respectively from January to September
2025.
In contrast, China’s fiberboard imports from Thailand,
Germany, Romania, Belgium and Switzerland fell 26%,
20%, 14%, 33% and 2% respectively over the same period
of 2024.
Decline in wooden furniture exports
According to Customs data, from January to September
2025 wooden furniture exports fell 7% to US$16.69
billion over the same period of 2024.
The US was the largest market for China’s wooden
furniture exports. 25% of China’s wooden furniture was
exported to US from January to September 2025, down
18% over the same period of 2024.
Due to the impact of the tariffs in the US the total export
value of China’s wooden furniture and the value of
wooden furniture exported to the US fell significantly
from January to September 2025. China’s wooden
furniture is exported to more than 200 countries and
furniture destination are scattered. The value of China’s
wooden furniture exports to the top 3 countries, theUS,
UK and Australia at more than US$1 billion accounted for
less than 40% of the national total in the first three
quarters of 2025.
China’s wooden furniture exports to Australia, Japan,
South Korea, France and Singapore dropped 4%, 5%,
27%, 6% and 3% respectively from January to September
2025. In contrast, China’s wooden furniture exports to
UK, Canada, Germany, Netherlands and Malaysia grew
7%, 0.1%, 2%, 16% and 18% from January to September
2025.
Decline in wooden furniture imports
According to China Customs, from January to September
2025 China’s wooden furniture imports dropped 6% to
US$461 million over the same period of 2024.
Italy was the largest suppliers for China’s wooden
furniture imports. 46% of China’s wooden furniture were
imported from Italy but compard to a year earlier they fell
9% to US$214 million from January to September 2025.
This was the main reason for the decline in China’s
wooden furniture imports in the first three quarters of
2025.
In addition to being affected by the tariffs in the US the
total import value of China’s wooden furniture imports
and the value of wooden furniture imported from the top
suppliers significantly declined.
The main reason for the large decline was that domestic
demand for furniture has fallen sharply.
China’s wooden furniture imports from Germany, Viet
Nam and France fell 14%, 25% and 6% respectively from
January to September 2025. In contrast, China’s wooden
furniture imports from Poland, Thailand, Slovakia and
Indonesia grew 20%, 4%, 43% and 1% respectively from
January to September 2025.
 
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