Forestry becomes largest exporter in agriculture-aquaculture-forestry sector
10:58 | 03/01/2019

VGP – Forestry exports in 2018 was estimated at US$9.3 billion, an increase of 15.9% against the previous year, becoming the largest exporter in the agriculture-aquaculture-forestry sector. 

Illustration photo

Director general of the Ministry of Agriculture and Rural Department's (MARD) Viet Nam Administration of Forestry Nguyen Quoc Tri announced the information at a meeting on reviewing the forestry sector in the South in 2018. 

Forestry exports officially overcame aquatic exports (US$9 billion) to take the lead in agriculture-aquaculture-forestry exports in 2018, making up 23%. 

The forestry sector enjoyed the trade surplus of US$6.99 billion. 

The export value of wood and wooden products made up 95% of the total, reaching US$8.8 billion. 

The export value of top 100 wood firms attained US$4.1 billion, up 16.3% against in 2017. 

Wood and wooden exports to key markets witnessed high growths in 2018. The U.S. was the largest importer of Viet Nam’s wood, making up 44%, followed by Japan (accounting for 13%), China, the Republic of Korea, the UK, Australia, Canada and France. 

As the Comprehensive and Progressive Agreement for Trans-Pacific Partnership comes into effect since January 2019, the forestry sector will have opportunities to expand its export markets to other nations such as Mexico or Peru. 

By Thuy Dung 

                                                                                                                                             

  Reader opinion
 
Turn off Vietnamese typing Automatic typing Telex VNI VIQR  
Fullname Email address  
  Title
 
  Content