Vietnam: Wood products exports top $5 billion through October

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IHB/Xinhua
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Exports of wood and wood products from Vietnam reached US$ 5 billion in January-October 2014. This represents an increase of 13.3% as compared to the same period of 2014, according to data from Vietnam's General Statistics office.

In October alone, Vietnam exporters shipped wood and timber products abroad worth 528 million dollars, continuing an uptrend in the market.

In the first ten months, Vietnamese wood exports to Japan rose by 22.03 percent and to the U.S. by 14.35 percent, while to China down 19 percent, year on year.

The United States, China and Japan were the top three importers of Vietnamese wood and timber products, accounting for 66.35 percent of the country's total export market of these commodities.

Wood and timber product exports are now fifth among the ten main export industries of Vietnam. Their export value is estimated to hit 10 billion U.S. dollars by 2020, according to the Ministry of Agriculture and Rural Development (MARD).

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