According to the General Department of Vietnam Customs, the export value of wood and wooden products in January 2021 reached US$ 1.34 billion, an increase of 59.2% in comparison with the same period last year. In which, exports of wooden products are estimated to be US$ 1.064 billion, a 72.4% increase in comparison with January 2020.
Therefore, this is the first time exports gained by the wood industry in the first month of the year have surpassed US$ 1 billion. The previous record number was US$ 993 million in January 2019.
The exports of US$ 1.34 billion also set a new record for the highest monthly export value in the wood industry. The previous one was US$ 1.339 billion, set in December 2020.
January 2021 is the 7th consecutive month that exports of the wood industry have reached over US$ 1 billion. This indicates a very promising start for wood exports to reach the target of US$ 14 billion this year.
As a result of the world’s burgeoning demand for cassava import, in February 2021, Thailand re-set the price floor of exported cassava products including starch and chips.
After Tet Holiday, early winter-spring rice in the Mekong Delta is yielding a productive harvest. A lot of traders have deposited with farmers to buy rice particularly early at a high price.
Even though the amount of coffee imported to Japan has the propensity to decrease in 2020, this market still increases the coffee imports from Vietnam.
Cassava exports in the first month of the year grew very strongly, with both volume and value being more than two times the same period in 2020, mainly thanks to changes in the Chinese market.