Wood and timber exports hit US$4.41 billion
(VOV) - Vietnam’s wood and timber exports jumped 13.5% to US$4.41 billion in the first nine months of this year, according to the Ministry of Agriculture and Rural Development (MARD).
There is an upward trend in shipping the products to major markets, including the US (up 14.41%) and Japan (up 23.71%). Only China saw a decline of 1.69% in its wood imports from Vietnam.
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By the end of August, the US, China and Japan were the top three importers of Vietnam’s wood and timber products, accounting for 62.33% of its total export earnings.
In nine months, local businesses imported nearly US$1.74 billion worth of wood materials, up 61% against the same period last year. Four major suppliers are Laos (making up 30.1%), Cambodia (13.4%), the US (10.2) and China (9.6%).