November 15, 2024 | 12:59 GMT +7
Hotline: 0913.378.918
November 15, 2024 | 12:59 GMT +7
Hotline: 0913.378.918
Wood processing for export at Tekcom Joint Stock Company. Photo: TL.
According to the General Department of Vietnam Customs, for the first 10 months of this year, the export of wood and wood merchandise to the USA reached USD 7,204 billion, an increase of 29,2% over the same session in 2020.
Thus, the export of wood and wood merchandise to the US in the past ten months exceeded the 2020 record of USD 7.166 billion.
The USA continues to be the largest market regarding export for Vietnam’s wood industry, accounting for 60% of the total export turnover of wood and wood merchandise of the country.
Information given by the International Trade Centre (ITC) shows that Vietnam is currently the world's largest supplier of wooden furniture to the US market, making up to 40% of the market share of wooden furniture imported into this country.
The next two markets in line are China (reached USD 1.238 billion; accounting for 10%) and Japan (reached USD 1,155 billion; accounting for 9%) the total export turnover of wood and wood merchandise in the 10 months.
For the last ten months, the export of wood and wood merchandise also recorded very strong growth in markets: Malaysia up 62.40%, the Netherlands up 31,36%, and Thailand up 32,77%.
Translated by Hoang Duy
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(VAN) After a sharp decline in 2023, fertilizer exports have regained growth this year, both in volume and value, although export prices are still on a downward trend.
(VAN) Despite the numerous obstacles, Vietnam is confident that its seafood export turnover will surpass 10 billion USD in 2024.
(VAN) The United States is the largest market for Vietnamese seafood. Exports to this market will present both opportunities and challenges with Donald Trump's return to the presidency.
