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.