Comparative Advantage of Poland in the Furniture Sector and Its Impact on EU28s Competitiveness

Countries are closely interested in foreign trade to have a voice in international markets and to achieve high growth targets. Foreign trade grows faster than the country’s economies and contributes a lot to the economy. Export, which is one of the foreign trade items, is a variable that plays an important role in the economic growth of countries. The furniture sector, one of the export items, shows great developments on a global scale. World furniture trade volume in 2018 is $506.2 billion (International Trade Center). Due to the changes in total supply and demand, furniture trade in Poland has developed significantly. In 2018, Poland’s furniture trade volume was $18.7 billion (International Trade Center). Poland has a large share in the furniture trade especially in the EU and the world. In 2018, it ranks second among EU countries and third worldwide