Wood exports hit record high despite COVID-19 in five months
Wood product exports hit record high despite COVID-19 (Photo: VNA)
Exports of wood and timber products surged 42 percent year-on-year to reach a record high of over 6.42 billion USD in the first five months of 2021 despite global supply chain disruptions caused by the COVID-19 pandemic, according to customs data.Of the figure, 4.96 billion USD came from wood furniture, up nearly 57 percent against the same period last year.
Domestic producers have adapted well to the “new normal” by stepping up digital trade meetings with foreign buyers in order to boost sales, said Deputy Minister of Agriculture and Rural Development Ha Cong Tuan.
There is plenty of room for the global wood and furniture market to grow, said Bui Chinh Nghia, vice director of the Vietnam Forestry Administration under the Ministry of Agriculture and Rural Development.
Vietnam now makes up 9 percent of the global market, he noted, stressing that with the current growth rate, Vietnam will soon rise to the fourth or even third places among the world’ largest exporters of wood products from the current fifth place.
According to several foreign importers, COVID-19-induced social distancing orders and travel restrictions have forced people in many countries to work from home, triggering increasing demand for home furniture. Vietnamese furniture has been more and more favoured by importers as producers have strictly complied with rules of origin.
Insiders, however, warned that rising orders may cause troubles for Vietnamese producers as disruptions in supply of material wood remain./.
Related News
Seafood enterprises shift business and export
09:11 | 06/09/2024 Import-Export
The key to opening new doors for agricultural enterprises
10:02 | 05/09/2024 Import-Export
FDI enterprises records US$321 billion in trade
18:00 | 01/09/2024 Import-Export
Exporting phone and component to India grows 102%
18:00 | 01/09/2024 Import-Export
Latest News
Footwear industry takes bold steps towards green growth
16:08 | 16/09/2024 Import-Export
Vietnam likely earn 5 billion USD from rice exports this year
16:07 | 16/09/2024 Import-Export
Australian plums to be available in Vietnam
16:05 | 16/09/2024 Import-Export
How to quarantine imported aquatic products for domestic consumption?
09:24 | 16/09/2024 Import-Export
More News
Vietnam trade mission in Germany seeks cooperation in automobile industry
18:45 | 15/09/2024 Import-Export
New markets help fruit exports grow to record revenues
18:44 | 15/09/2024 Import-Export
Vietnam aims for green, sustainable tourism
12:33 | 15/09/2024 Import-Export
Enhancing the role of localities in developing supporting industries
12:31 | 15/09/2024 Import-Export
Mekong Delta promotes clean agricultural production to achieve Net Zero
19:13 | 14/09/2024 Import-Export
Wood export target of 15.2 billion USD feasible, challenges remain
19:10 | 14/09/2024 Import-Export
Serious shortage and many impacts on seaport human resources
11:06 | 14/09/2024 Import-Export
Exports gain momentum
14:24 | 13/09/2024 Import-Export
The driving force for businesses to "sprint" at the end of the year
09:48 | 13/09/2024 Import-Export
Your care
Footwear industry takes bold steps towards green growth
16:08 | 16/09/2024 Import-Export
Vietnam likely earn 5 billion USD from rice exports this year
16:07 | 16/09/2024 Import-Export
Australian plums to be available in Vietnam
16:05 | 16/09/2024 Import-Export
How to quarantine imported aquatic products for domestic consumption?
09:24 | 16/09/2024 Import-Export
Vietnam trade mission in Germany seeks cooperation in automobile industry
18:45 | 15/09/2024 Import-Export