According to the Ministry of Industry and Trade Export and Import Department wood and wood product exports in November reached US$1.15 billion, up 21% compared to October 2021 but down 7% compared to November 2020.<\/p>\n
Exports of wood products reached US$840 million, up 35% compared to October 2021 but down 17% compared to November 2020.<\/p>\n
Production in Vietnam has returned to normal and businesses operating in the wood industry are accelerating production to keep up with signed export orders for the last month of the year and the first half of 2022.<\/p>\n
Export activity by the timber industry increased in October and November 2021 although the export value is still not equal to the same period in 2020.<\/p>\n
Overall, the timber industry maintained good growth in the first 11 months of 2021 thanks to the efforts of enterprises to maintain production when the epidemic broke out in many provinces and cities across the country. Production recovered quickly after the easing of social distancing.<\/p>\n
At the current growth rate it is estimated that exports of wood and wood products will reach US$14.3 billion in 2021, up 14% compared to 2020 and completing 98.7% of the target set for the year.<\/p>\n
The driver of growth for the timber industry has been wooden furniture production. Exports of wooden furniture accounted for 68% of the total export value of wood and wood products in the first 11 months of 2021.<\/p>\n
Trade highlights<\/strong><\/p>\n In November 2021, Vietnam's wood and wood product (W&WP) exports to the EU reached US$45 million, up 2.3% compared to November 2020. In the 11 months of 2021, W&WP exports to the EU market were estimated at US$528.1 million, an increase of 16% over the same period in 2020.<\/p>\n Exports of kitchen furniture in November 2021 are estimated at US$82 million raising the total export of this item in 11 months of 2021 to US$832.8 million, up 24% over the same period in 2020.<\/p>\n Vietnam's export of rattan, bamboo and other types of NTFPs in November 2021 reached US$70 million, up 2.5% compared to October 2021 and up 23% compared to November 2020.<\/p>\n Over the 11 months of 2021 Vietnam's exports of NTFPs of all kinds is estimated at US$771 million, an increase of 42% over the same period in 2020.<\/p>","protected":false},"excerpt":{"rendered":" According to the Ministry of Industry and Trade Export and Import Department wood and wood product exports in November reached US$1.15 billion, up 21% compared to October 2021 but down 7% compared to November 2020. Exports of wood products reached … Continue reading