Rattan, bamboo, sedge, and carpet exports gross US$594.8 million
VOV.VN - Vietnamese rattan, bamboo, sedge, and carpet exports during the past nine months of the year reached US$594.8 million, marking a rise of 10.3% against the same period from last year, according to data released by the General Department of Vietnam Customs.
The United States remained as the country’s largest export market throughout the reviewed period with turnover exceeding US$247 million, representing a rise of 21.4% against the same period from last year and accounting for up to 41.6% of the total.
September alone witnessed Vietnam rake in nearly US$20 million from exporting these products to the demanding market, up 12% compared to September, 2023.
Japan ranked second with US$45.4 million, suffering a fall of 11% against the same period from 2023 and accounting for 7.6% of the total.
The UK represents the third largest export market for Vietnamese goods with turnover reaching US$31.6 million in the reviewed period, up 8.9% on-year.
With positive signs from these three major markets, there are bright prospects ahead for Vietnamese handicraft products to make further inroads into the international market with the possibility of securing a market share of between 10% and 15% of the world market moving forward, according to experts.
At present, the country boasts over 1,000 rattan and bamboo villages, accounting for 24% of the total number of handicraft villages.
With the global bamboo market is expected to hit US$82.9 billion by 2028, Vietnam can earn billions of US$ from exporting these products.
According to details given by the General Department of Forestry, this represents the product group which boasts the highest export value in the non-timber forest product category.
Last year saw rattan and bamboo products bring in more than US$733 million. Along with China, Indonesia, and the Philippines, Vietnam is one of the four largest exporters of bamboo and rattan in the world.
