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October 10, 2019

Vietnam forestry products exports up 18.1% in the first nine months of 2019

Vietnam forestry products exports up 18.1% in the first nine months of 2019

Forestry exports were estimated to exceed 7.93 billion USD in the first 9 months of 2019, up 18.1 percent year-on-year, with a trade surplus of 6.06 billion USD.

Vietnamese timber and forestry products were shipped to more than 128 countries and territories, of which the US, Japan, China, the EU and the Republic of Korea were key markets. During the reviewed period, forestry shipments to these major importers earned 6.93 billion USD, or 87.4 percent of the total export value.

In September alone, Vietnam exported 890.8 million USD worth of the products, an annual increase of 22 percent from the same period last year.

According to the Vietnam Administration of Forestry, production between January and September had remained stable, with value hitting 31.66 trillion VND (1.36 billion USD), 4 percent higher than the same period last year.

Meanwhile, the amount of exploited timber and other forestry products was estimated at 11.4 million cubic metres, up 4.5 percent on-year.

Currently, northern provinces are accelerating their end-of-season forest planting, while their southern peers are kicking off their main season of the year.

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