The Ministry of Industry and Trade’s Import and Export Department said the value of the wood industry rose to around US$6.1 billion, the majority coming from the export of wooden furniture which accounted for $4.4 billion, up 8.5 per cent year-on-year.

The department credited the growth in June and July on the lifting of social distancing measures in countries were wood is exported to.

In addition, strong stimulus packages in many European countries boosted consumption.

 

Export value reached $1.05 billion in July, up 20.7 per cent compared to last year and $946.9 million in June, up 15.6 per cent.

In June products were exported to the US (up by 43.1 per cent to $ 590.9 million), China (15.6 per cent to $88.3 million), Canada (19.5 per cent to $18.8 million) and Australia (28.8 per cent to $15.3 million).

In the first six months of this year, the five major markets of the Vietnamese timber and wooden products included the US, China, Japan, South Korea and the EU.

 

Resource from Viet Nam News