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Wood and wood product exports to reach 14.5 billion USD

by VTV418 September 2023 Last updated at 09:05 AM

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Wood and wood product exports to reach 14.5 billion USD
VTV.vn - Wood exports are showing signs of recovery and have a high prospect of reaching an export value of 14.5 billion USD this year, according to the Handicraft and Wood Industry Association of HCMC.

From May until now, Vietnamese businesses have imported large amounts of raw wood, averaging a monthly increase of around 5-10%/month.

This shows that wood businesses can confidently prepare for year-end orders. On average, wood exports can reach over 1.2 billion USD each month.

It is forecast that from now until the end of the year, the export of wood and wood products will capture an additional 6 billion USD in orders.