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.
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.