Highlights: Vietnam’s wood and wood products export to Japan

In the first 9 months of 2021 the exports of wood and wood products (W&WP) to Japan totaled at US$1.02 billion showing an increase of 10% over the same period in 2020.

Due to the Covid-19 fourth outbreak, W&WP export to Japan declined beginning in August, and in September 2021 were valued at US$90 million, down 17% compared to September 2020. However, W&WP exports to Japan are expected to recover in the last quarter of 2021 as the Government eases social distancing and lockdowns allowing the resumption of production. Wooden furniture exports have grown an average 17% per year since 2016. In the first 8 months of 2021 the accumulated export earnings from wooden furniture exports reached US$7.25 billion, an increase by 48% over the same period in 2020.

Softwood wood imports into Vietnam in September 2021 were estimated at 123,900 cu.m, worth US$32.8 million up 4.4% in volume and 2% in value compared to August 2021. Compared to September 2020 softwood wood import increased by 49% in volume and 78% in value. In the first 9 months of 2021 softwood wood imports were reported at 1,132 million cu.m, worth US$267.3 million, up 83% in volume and 104% in value over the same period in 2020.

In September 2021, the Covid-19 epidemic continued to be complicated across the country and greatly affected the production and business operation of all enterprises. Following 15 months of continued increase the exports of rattan, bamboo and other types of NTFPs in September 2021 declined to US$50 million, down 9% compared to the same period in 2020. In the first 9 months of 2021 exports of all NTFPs were valued at US$631.6 million, up 50% over the same period in 2020.

Source: Fordaq.com