October 27, 2020 17:22 | About us
Language: Tiếng Việt | ພາ​ສາ​ລາວ | ខ្មែរ | русский | 中文

Vietnamese wood exports recover during the first half of the year

07:44 | 28/07/2020

According to the General Department of Vietnam Customs, Vietnam got USD 5.04 billion from exporting timber and wood products during the first six months of the year, representing an annual increase of 29.8%.

amazing vietnamese wooden car models hit foreign headlines Amazing Vietnamese wooden car models hit foreign headlines
vietnamese inventor receives us patent for impregnating wood with polymer solution Vietnamese inventor receives US patent for impregnating wood with polymer solution
covid 19 fallout reverberates around vietnams wood industry COVID-19 fallout reverberates around Vietnam's wood industry
vietnamese wood exports recover during the first half of the year
The export of timber and wood products enjoyed a surge of 19.8% (Photo: CafeF)

In June, the export of timber and wood products enjoyed a surge of 19.8% to USD 769 million compared to June last year, according to VOV.

The Ministry of Industry and Trade said that the rise in June can largely be attributed to the novel coronavirus slowing down in some major export markets, including the US, China, Canada, and Australia.

Most notably, the export of wood products to the US, China, Canada, and Australia witnessed rises of 43.1%, 15.6%, 19.5%, and 28.8%, respectively, from June last year.

vietnamese wood exports recover during the first half of the year
The growth rate of forestry production value reached more than 2.1% (Photo: Bao tin tuc)

It is worth noting that the EU market thanks to the strong stimulus packages of regional policy makers, plus most EU countries have prevented the 2nd wave of Covid-19 epidemic, helping to boost the consumer demand in the EU market, Industry and Trade News reported.

The forestry sector achieved remarkable results in production and business in the first 6 months of 2020. In particular, the growth rate of forestry production value reached more than 2.1%. As of June 30, the country has planted more than 106,000 hectares of concentrated forests, reaching more than 48% of the year, up 0.2% compared to the same period in 2019.

Up to now, some countries have concluded that a number of major markets are continuing to investigate, so this year's assessment of forest product processing and export is not as simple as previous years, informed Vinanet.

vietnamese wood exports recover during the first half of the year
Vietnam was the 11th largest wood furniture exporter to the German market (Photo: Industry and Trade News)

Elsewhere wood exports to the EU market enjoyed an upward trajectory in June driven by the German market that saw wood exports increase by 86.7% to US$8.5 million against the same period last year. This comes after several countries successfully prevented the second wave of the Covid-19 pandemic.

Vietnam was the 11th largest wood furniture exporter to the German market during the first quarter, grossing export turnover of USD 38 million, representing a decline of 6% in volume and an increase of 3.4% in value from the same period last year.

With the Europe Union - Vietnam Free Trade Agreement set to come into force on August 1, along with the impending ratification of the Europe Union - Vietnam Investment Protection Agreement, there are bright prospects ahead for German and EU small and medium-sized enterprises that are seeking to do business in Vietnam.

vietnams shrimp exports increased 57 in the first half of 2020 Vietnam's shrimp exports increased 5.7% in the first half of 2020

Vietnam's shrimp exports to the US and China have gradually increased during the first half of the year despite the negative impacts of the coronavirus ...

vietnamese red dragon fruit exported to the russian market Vietnamese red dragon fruit exported to the Russian market

On July 23, 10 tons of red dragon fruits from Thuan Chau district, Son La province were exported to Russia.

vietnams fruit and vegetables exports to thailand surged 230 Vietnam's fruit and vegetables exports to Thailand surged 230%

During the first six months of 2020, Vietnam's fruit and vegetables exports to Thailand surged 230%, according to the latest statistics from the General Department ...

Candy Lee