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| Wooden products and wooden products exported in January 2020. Source: Calculated according to data from the General Department of Customs / Ministry of Industry and Trade |
Figures from the Import-Export Department (Ministry of Industry and Trade) indicate that in February 2020, Vietnam's export value of timber and wood products reached US $ 650 million, down 22.2% from the previous month. up 34.2% compared to February 2019.
In particular, the export of wooden products is estimated at 434 million USD, down 28.6% compared to January 2020, an increase of 65.4% compared to February 2019.
However, accumulated from the beginning of the year to the end of February 2020, the export value of wood and wooden products is estimated at US $ 1.48 billion, an increase of more than 7% over the same period in 2019. Export of wooden products is estimated to reach $ 1.04 billion, up 4.4% over the same period in 2019.
According to the Import-Export Department, in the context of the outbreak of COVID-19, many export industries decreased sharply, but the export wood industry still achieved a positive growth. This shows that, wooden products and wood products, especially wooden furniture products of Vietnam, have met consumer demand in many major markets around the world such as the US, EU and Japan. and Korea.
However, the long-lasting and widespread COVID-19 epidemic, especially to Vietnam's export markets for timber and timber products such as the US, EU, Japan and South Korea, will impact Vietnam's timber industry. very big.
Because long-term epidemic impacts on the global business environment, it will also affect the production, business and attract foreign investment of Vietnam in the wood industry.
Previously, due to the impact of the Lunar New Year holidays in January 2020, export activities were interrupted, so most of the exported wooden products and wood products decreased in January 2020, except for woodchips and fine art wooden products increased slightly compared to January 2019.
In the structure of wood and wood products, wooden furniture exports with the highest proportion accounted for USD 551.2 million, down 16.5% compared to the same period last year.
Notably, most exported wooden furniture items were in value decreased in January 2020, except for exported kitchen furniture items of US $ 34.5 million, up 17.3% over the previous year. with January 2019. Kitchen furniture exports to the US market accounted for 59% of the total export value, reaching 20.4 million USD, up to 99% compared to January 2020. Next is Japan, Korea, EU, UK market…
According to Economy & Consumer
