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Vietnam earns $5 billion from wood exports

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Staff writer ▼ | October 31, 2014
Vietnam earned 5 billion from exports of wood and wood-based products in the first ten months of this year, an increase of 13.3 percent year on year, according to the General Statistics Office.
Vietnam wood
In 10 months   Wood export to double by 2020
In October alone, Vietnam exporters shipped wood and timber products abroad worth 528 million dollars, continuing an uptrend in the market.

In the ten-month period, wood exports to Japan rose by 22.03 percent and the U.S. by 14.35 percent, while to China down 19 percent, year on year.

The United States, China and Japan were the top three importers of Vietnamese wood and timber products, accounting for 66.35 percent of the country's total export market of these commodities.

Wood and timber product exports are now fifth among the ten main export industries of Vietnam. Their export value is estimated to hit $10 billion by 2020, according to the Ministry of Agriculture and Rural Development (MARD).