The Value of Vietnam Wood Industry Rose to Around US$6.1 billion
Date: 2020-08-13
News Type: Marketing News
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
More news
- Notice of Rescheduling for The 16th Vietnam Int’l Woodworking Industry Fair (VietnamWood 2025) 2024-05-14
- VietnamWood's Digital Path to Woodworking Excellence 2023-11-02
- 【VietnamWood 2023】Profession and Entertainment ALL in ONE 2023-09-23
- 【VietnamWood 2023】 Has a successful start 2023-09-21
- 【VietnamWood 2023】Highly reputed by exhibitors 2023-09-22
- Smart Wood Manufacturing by VietnamWood 2023 at SECC on 9/20-23 2023-09-20