Vietnam Exports of Wood and Wood Products up 54% Year-Over-Year in First Seven Months of 2021

Vietnam is reporting the wood and wood product (W&WP) exports during the first seven months of 2021 reached US$9.26 billion, up 54% year-over-year (July 2020 to July 2021). Exports of W&WP products include indoor/outdoor furniture, seats, woodchip, wood pellets, veneer (peeling), particleboard, fiberboard, and plywood/finger-joint wood — all of which experienced increases during the time period. However, a severe increase of COVID-19 cases in July in the major wood processing cities of Binh Duong, Dong Nai, and Ho Chi Minh City caused exports in July to drop by -17% compared to June.

Vietnam imported US$1.81 billion of W&WP in the first 7 months of 2021, up 39% against the same period of 2020. Sawnwood, logs, veneer, fiberboard, plywood, wooden seats, and furniture were the main imports. W&WP are imported from 113 countries/territories in the first 7 months of 2021. China, the US, Cameroon, Thailand, and Chile are 5 top sources with the supply of US$1.12 billion, accounting for 62% of the total value of W&WP imports into Vietnam.

FEA compiles the Wood Markets News from various 3rd party sources to provide readers with the latest news impacting forest product markets. Opinions or views expressed in these articles do not necessarily represent those of FEA.
Original Source:
Tropical Timber Market Report