Wood product exports drop in eight months
Vietnam shipped abroad nearly US$4.4 billion worth of timber and wood products in the first eight months of 2016, a decline from a year earlier, said the Vietnam Timber and Forest Product Association (VIFORES).
Timber and wood products exports to China and Norway fell by 40% each while shipments to South Africa, Finland and India also saw sharp decreases.
Rises were seen in exports to some markets such as Cambodia, Mexico and Portugal.
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VIFORES said the US is currently the biggest importer of Vietnam’s timber and wood products, purchasing 39.5% of total shipments.
It is followed by Japan (14.6%), China (14%), and the Republic of Korea (8.6%).
According to the Ministry of Agriculture and Rural Development, Vietnam achieved total export value of wooden products of US$7.1 billion in 2015, up 8% from the previous year.
Wooden chairs, bedroom, outdoor and office furniture are the four key export categories.
