Vietnam Forestry Exports Reach 5.3 USD in First Half of 2020

The Vietnam Administration of Forestry is reporting that in the first six months of 2020, export revenues of forestry product were over 5.3 billion USD. Year-over-year this is a 2.7% increase in forestry exports. The forestry administration is predicting that for all of 2020, total exports of forestry products will reach 11.75 to 12 billion in USD. For the first six months of 2020 Vietnam is reporting they imported 1.12 billion USD worth of wood and wood products, which is -8.8% year-over-year. For all of 2020 Vietnam expects to import 2.55 billion USD of wood and wood products, which is unchanged from 2019.