Business

Wood product exports drop in eight months

Vietnam shipped abroad nearly 4.4 billion USD worth of timber and wood products in the first eight months of 2016, a decline from a year earlier, said the Vietnam Timber and Forest Product Association
Wood product exports drop in eight months ảnh 1A woodwork factory of Kaiser Furniture Vietnam Joint Stock Company in My Phuoc 1 Industrial Park, Ben Cat town of Binh Duong province (Photo: VNA)

Hanoi (VNA) – Vietnam shipped abroad nearly 4.4 billion USD worth of timber and wood products in the first eight months of 2016, a decline from a year earlier, said the Vietnam Timber and Forest Product Association (VIFORES).

Timber and wood products exports to China and Norway fell by 40 percent each while shipments to South Africa, Finland and India also saw sharp decreases.

Rises were seen in exports to some markets such as Cambodia, Mexico and Portugal.

VIFORES said the US is currently the biggest importer of Vietnam’s timber and wood products, purchasing 39.5 percent of total shipments.

It is followed by Japan (14.6 percent), China (14 percent), and the Republic of Korea (8.6 percent).

According to the Ministry of Agriculture and Rural Development, Vietnam achieved total export value of wooden products of 7.1 billion USD in 2015, up 8 percent from the previous year.

Wooden chairs, bedroom, outdoor and office furniture are the four key export categories.-VNA

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