Wood exports to EU enjoy robust growth
VOV.VN - The country raked in US$250.4 million from exporting timber and wooden products to the EU market during the four months of the year, thereby representing a rise of 32.6% compared to the same period from last year, according to the General Department of Vietnam Customs.
April alone saw Vietnamese timber and wood exports to the EU reach US$63.79 million, an increase of 114.7% compared to April, 2020.
In relation to the figure, wooden furniture made up a high proportion with turnover reaching US$211.16 million, up 33.7% against the same period from last year.
Germany took the lead in the EU bloc, recording a turnover of US$52.83 million to mark an annual rise of 15.6%, followed by France with US$47 million, up 28%, the Netherlands with US$38.9 million, a boost of 56%, and Belgium with US$22 million, an increase of 42.9%.
Most notably, the export turnover to the Romanian market surged by 156.9% to US$2.4 million on-year.
Although Vietnamese exports of living room and dining room furniture to the EU market took the lead throughout the reviewed period, export turnover accounted for only a small proportion compared to the EU's average annual import demand of US$24.2 billion seen during the 2016 to 2020 period.
Therefore, there remains plenty of room for local exports of these products to grow moving forward, industry experts believe.
Economists have also advised domestic firms to boost wood exports to Germany, noting that due to its strategic and convenient location for logistics, the Central European country can serve as the gateway for the wood industry and help the nation achieve the greater penetration of the EU market in the near future.
