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| Export markets for timber and wood products in the first 2 months of 2020. Source: Ministry of Industry and Trade / General Department of Customs. |
The Import and Export Department (Ministry of Industry and Trade) said that according to statistics from the General Department of Customs, the export of wood and wood products in February 2020 reached US $ 746.5 million, up 86.4% compared to February. / 2019. In particular, the export of wooden products reached US $ 530.6 million, an increase of more than 102% compared to February 2019.
In the first 2 months of 2020, exports of wood and wood products reached US $ 1.57 billion, up 13.8%. Export of wooden products reached US $ 1.13 billion, up nearly 14% over the same period in 2019.
In the context of COID-19 outbreak in China, many export sectors of Vietnam were greatly affected, but the wood industry has not been affected, exports still achieved positive growth in the first 2 months. 2020, Ministry of Industry and Trade evaluation.
However, the current COVID-19 epidemic has spread to many countries around the world, especially the main export markets of Vietnam's timber and wood products such as Japan, Korea, Europe, and the US. This will have a negative impact on the wood industry in the future.
In the first 2 months of 2020, Vietnam's wood and wood products exports to major markets all achieved good growth, except for Korea, England and Australia.
In particular, the US continues to be the largest export market for Vietnam's wood and wood products in the first two months of 2020, with export value reaching 807.9 million USD, up 27% over the same period last year.
According to the Ministry of Industry and Trade, the US Government has officially removed Vietnam from the list of developing countries in early February 2020, which will have an impact on the export of goods, including timber and Vietnamese products enter this market.
Notably, despite the impact of the COVID-19 epidemic, Vietnam's exports of wood and wood products to the Chinese market still increased by over 19% in the first two months of 2020.
The reason is that most of wood and wood products export is mainly exported by sea so it is not affected much.
According to data from the General Department of Customs, Vietnam's exports of wood and wood products to the Chinese market are mainly by sea via ports such as Cat Lai – Ho Chi Minh City, Quy Nhon – Binh Dinh, Hao Hung – Quang Ngai. , Nghi Sơn – Thanh Hóa.
According to Economy & Consumer
