Vietnam wood and wood product exports from Jan - Sep, 2021

In the first 9 months of 2021, Vietnam wood and wood product (W&WP) export turnover reached US$ 10.76 billion, rose by 30.5% yoy.

Analyzing figures from General Department of Vietnam Customs, group of experts from Forest Trends and the Associations: FPA Binh Dinh, HAWA, BIFA just released official report on Vietnam wood and wood product (W&WP) exports in the first 9 months of 2021. For this period, export turnover of W&WP reached US$ 10.76 billion, rose by 30.5% compared with the same period of 2020. However, due to the outbreak of the 4th wave of Covid-19, the sector’s export turnover in Sept 2021 only reached US$ 691.49 million, decreased by 14.1% and 38.3% respectively compared with Aug 2021 and Sept 2020.

In the first 9 months of 2021, the group of 6 high value categories occupies 94% of total W&WP export turnover, including furniture (45%, at US$ 4.83 billion, rose 21.4% yoy), chair (25%, at US$ 2.68 billion, rose 55.8% yoy), wood chip (12%, at US$ 1.33 billion, rose 16.6% yoy), plywood/ joint board (7%, at US$ 760.53 million, rose 49.1% yoy), wood pellet (3%, at US$ 299.60 million, rose 23%) and rotary veneer (1%, at US$ 151.65 million, rose 173% yoy).

Vietnam W&WP exports to the U.S. is remarkable with the turnover of US$ 6,50 billion, rose 40.5% yoy. Other staple markets are China – US$ 1.13 billion, Japan – US$ 1.01 billion, Korea – US$ 650.1 million, EU – US$ 438.3 million, UK – US$ 193.44 million, Canada – US$ 174.75 million, and Australia – US$ 110.61 million, respectively increased by 23.4%, 11.7%, 10.7%, 22.3%, 23.9%, 21.3%and 3.3%.

As the country’s reopening stage since Oct, the Government eases social distancing and lockdowns allowing the resumption of production. The W&WP export turnover in the first half of Oct 2021 reached US$ 397 million, rose 29.2% compared with the first half of Sep 2021. This is an optimistic signal that Vietnam W&WP sector is strongly recovering to foster its rank over global market!