Forestry exports up 16.6% in 11 months
10:40 | 28/11/2018

VGP – The exports of key forestry products over the recent 11 months of 2018 hit US$8.49 billion, a year-on-year increase of 16.6%, according to the Viet Nam Administration of Forestry, under the Ministry of Agriculture and Rural Development. 

Illustration photo

Over the recent 11 months of 2018, the imports of forestry products attained US$2.1 billion, up 6.17%. The nation mainly imported forestry products from China, the U.S., Cambodia, Thailand, Malaysia, Chile, Germany, Brazil, New Zealand and France, which are accounting for 61.5% of total imports.

The trade surplus of the forestry sector was estimated at US$6.398 billion in 11 months. 

The sector expects to gain US$9.3 billion from exporting for the whole year. 

Accordingly, the exports of wood and wooden products reached US$7.22 billion, up 15.63% against the same period last year. 

Viet Nam’s key forestry export markets included the U.S., Japan, the EU, China and the Republic of Korea, making up 87.33%. 

By Thuy Dung 

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