Exporting woods absolutely achieves $US 10 billion in 2020

The current growth rate of imported wood and woods products is approximately 10-15%/ year. Photo: Nguyễn Thanh

Currently, the Association has reported to the Ministry of Industry and Trade and Ministry of Agriculture and Rural Development (MARD) on this issue. Among the amount of $US 10 billion, exporting to the US market are estimated to account for $US 3 billion, the EU market is about $US1 billion, the rest are other markets.

According to the report of the MARD, the export turnover of the first ten months of this year is estimated at $US 6.15 billion, increased by 10.1% over the same period of 2016. The United States, China, and Japan are three largest markets of importing wood in the first 9 months with the market share was 42.5%, 14.1% and 13.8% respectively. The markets with strong export value were the United States (18.8%), Canada (15.1%), South Korea (11.1%) and China (9.1%).

Mr Quyen forecasts that exporting timber and wood products could reach $US 8 billion in the whole year of 2017.