Vietnam’s Forestry Exports on the rise
The forestry industry showed a strong increase in export value in the first four months of the year, according to the Vietnam Forestry Administration.
Forestry exports were estimated to have hit US$3.3 billion in the period, a year-on-year increase of 17.8 per cent, including $875 million in April alone.
Key markets for Vietnamese forestry products included the US, Japan, the EU, China and the Republic of Korea, accounting for 87 per cent of the exports, it said.
Vietnam imported $790 million of forestry products in the first four months, up about 15.1 per cent year on year, including $210 million in April.
About 60 per cent of imported timber and furniture came from China, the US, Cambodia, Thailand, Malaysia, Chile, Germany, New Zealand and France.
The national export value of farming, forestry and fishery products in the first four months of the year reached $12.4 billion, similar to the figure recorded in the same period last year, reported the Ministry of Agriculture and Rural Development.
In the four-month period, Vietnam imported $9.7 billion worth of farming, forestry and fishery products and agricultural materials, up 3.2 per cent year on year, including $2.7 billion in April.