Rattan, bamboo, sedge, and carpet exports show positive signs

This shows positive signs in the export of handicrafts even though the world economy is still facing plenty of difficulties.

The United States retained its position as Vietnam's largest export market over the past five months of the year, with more than US$136.7 million, posting a -year-on-year rise of 31%.

In May alone, Vietnamese rattan, bamboo, sedge and carpet exports to the North American nation fetched more than US$31.5 million, an increase of 29% compared to March 2023.

The United States retained its position as Vietnam's largest export market over the past five months of the year, with more than US$136.7 million, posting a -year-on-year rise of 31%.

In May alone, Vietnamese rattan, bamboo, sedge and carpet exports to the North American nation fetched more than US$31.5 million, an increase of 29% compared to March 2023.

The Japanese market came second, with its imports in May reaching US$3.6 million, down 8.7% compared to last May. Vietnam earned US$20.9 million from exporting products to the East Asian nation, down 3% on-year.

In 2022, Vietnam ranked 2nd after China) among the countries and territories that exported the most bamboo and rattan in the world and ranked 10th in the world in carpet exports, with an average growth turnover of 29. 5%/year.

According to  economic experts, these Vietnamese products' possibility to occupy 10-15% of the world market share is within reach when the global bamboo market size is expected to hit US$ 82.9 billion by 2028, thus  enabling rattan and bamboo bring billions of US$ to Vietnam.

There is plenty of opportunity for Vietnam to dominate the rattan and bamboo market as the bamboo area in the country is up to 1.5 million hectares, distributed in most provinces across the nation, of which 37/63 provinces have an area of more than 10,000 hectares.