Wood exports post 50.5-percent surge in four months
The export turnover of wood and wood products hit 4.99 billion USD in the first four months of 2021, a surge of 50.5 percent year-on-year, according to the Ministry of Agriculture and Rural development.
Hanoi (VNA) - The exportturnover of wood and wood products hit 4.99 billion USD in the first fourmonths of 2021, a surge of 50.5 percent year-on-year, according to the Ministryof Agriculture and Rural development.
In April alone, the export value of wood and wood products reached 1.2 billionUSD, the ministry said.
The US, China, Japan and the Republic of Korea were the biggest importers ofVietnam’s wood in the period, accounting for 87.1 percent of the total exportvalue.
In the last four months, the value of exports increased in almost all marketsexcept for Taiwan (down 0.1 percent) and the UK (down 0.7 percent).
In the reviewed period, Vietnam spent 978.8 million USD on importing wood, up33.6 percent compared to the same period last year, the ministry added.
Export turnover of wood and wood products is the sixth largest among Vietnameseexport commodities. Wood and wood products are also the items with the largest tradesurplus, contributing to improving the trade balance.
Vietnam currently has about 12,000enterprises operating in wood production and processing, with about 500,000employees and 320 trillion VND (nearly 14 billion USD) of production-businesscapital over 120 trillion VND in value of fixed assets, and nearly 360 trillionVND in net revenue./.
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Processing wood for export (Photo: VNA) 
