Wood exports beat multi-billion dollar categories

VOV.VN - The total export value of wood and wooden products posted over US$4.8 billion during the first half of 2019, putting them on the 6th place among the export staples that brought home billions of dollars.

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Illustrative photo (Source: VOV)

The six-month figure amounted to US$4.82 billion, an annual rise of 16.6 per cent, of which US$3.39 billion came solely from wood exports, a hike of 17.9 per cent on year.

June alone saw the overseas shipment of wood and wooden products reach US$805.7 million, up 6.9 per cent on year yet down 10.7 per cent against the previous month.

Wood and wooden items shipped to the US racked up US$410.4 million during June, a slight fall of 3.14 per cent, while those sent to Japan and China reached US$107.4 million and US$76.27 million, respectively.

Nguyen Ton Quyen, deputy chairman of the Vietnam Timber and Forest Product Association, said that wood exporters have played a more active role in developing their material sources as domestic sources meet 75 per cent of the total demand with the rest being imported.

Wooden exports maintained two-digit growth over the six-month period, therefore putting the full-year export target of US$10.5 billion within reach.

VOV

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