September 27, 2022

Highlights of Vietnam Wood Products Trade

Vietnam’s W&WP exports to Japan in September 2021 were valued at US$90 million, down 17% from September 2020. In the first 9 months of 2021, W&WP’s exports to Japan totaled US$1.02 billion, an increase of 10% over the same period. period in 2020.

However, due to the fourth Covid-19 outbreak, W&WP’s exports to Japan decreased from August. W&WP’s exports to Japan are expected to recover in the last quarter of 2021 as the government eases social distancing and lockdowns allowing production to resume.

Wooden furniture exports have increased by an average of 17% annually since 2016. In the first 8 months of 2021, the cumulative export revenue of wooden furniture exports reached $7.25 billion, a 48% increase compared to the same period in 2020.

Softwood lumber imports to Vietnam in September 2021 were estimated at 123,900 m3, worth US$32.8 million, up 4.4% in volume and 2% in value from August 2021. Compared to September 2020, softwood lumber imports increased by 49% in volume and 78%. % value.

In the first 9 months of 2021, softwood lumber imports were reported at 1,132 million m3, worth US$267.3 million, up 83% in volume and 104% in value compared to the same period in 2020.

In September 2021, the Covid-19 epidemic continued to become more complicated across the country and strongly affected the production and commercial operation of all companies.

After 15 months of continuous increases, exports of rattan, bamboo and other types of NTFPs in September 2021 fell to $50 million, down 9% from the same period in 2020.

In the first 9 months of 2021, exports of all NWFPs were valued at US$631.6 million, up 50% from the same period in 2020.