Vietnam earned $5 billion from exports of wood and wood-based products in the first ten months of this year, an increase of 13.3% year on year. In October alone, Vietnam exporters shipped wood and timber products abroad worth $528 million, continuing an uptrend in the market.

Vietnam’s of wood exports increased by 13.3% in 10 months

13:14 / October 30, 2014

Oct 30, 2014. /Lesprom Network/. Vietnam earned $5 billion from exports of wood and wood-based products in the first ten months of this year, an increase of 13.3% year on year, Xinhua reported.

In October alone, Vietnam exporters shipped wood and timber products abroad worth $528 million, continuing an uptrend in the market.

In the ten-month period, wood exports to Japan rose by 22.03% and the U.S. by 14.35%, while to China down 19%, year on year.

The United States, China and Japan were the top three importers of Vietnamese wood and timber products, accounting for 66.35% of the country's total export market of these commodities.

Wood and timber product exports are now fifth among the ten main export industries of Vietnam. Their export value is estimated to hit $10 billion by 2020, according to the Ministry of Agriculture and Rural Development.

Lesprom Network

Vietnam’s of wood exports increased by 13.3% in 10 months

Tags

Topics

Markets

Interesting to see