Forestry exports to reach US$5.858 bln in eight months

VGP – Viet Nam may earn US$5.858 billion from exporting forestry products over the recent eight months of 2018, equal to 65.12% of the year’s plan and a year-on-year increase of 13%, according to the Viet Nam Administration of Forestry, under the Ministry of Agriculture and Rural Development.

August 29, 2018 8:23 AM GMT+7

Illustration photo

The trade surplus gained from exporting forestry products is estimated to reach US$4.392 billion, including US$4.096 billion from wood and wooden products.

The forestry exports may account for 23% of the total agricultural sector’s export value.

The Viet Nam Administration of Forestry forecasts that the exports of forestry products in the next months of 2018 continue to rise, especially at Viet Nam’s traditional markets such as the U.S., China, the Republic of Korea, Japan and the EU.

The export value of forestry products in seven months of 2018 attained US$5.03 billion, up 12.3% against the same period last year.

By Thuy Dung