Vietnamese wood products exports up 6% in Jan.-Apr. 2020

Джерело:
ITTO/Fordaq
Погляди:
925
  • text size

In the first 4 months of 2020, wood and wood product (W&WP) exports earned US$3.2 billion, an increase of 6% compared to the same period last year. Of this, wood product exports (HS 94) accounted for about US$2.0 billion, while wood exports (HS 44) generated about US$1.2 billion.

However, in April 2020 W&WP export earnings were US$673 million, a decline of 31% compared to levels in March 2020 and -20% compared to April 2019.

Top export markets

US: Over the first 4 months of 2020, the US has topped the list of Vietnam’s W&WP export markets with the earning of US$1.56 billion, 48% of total W&WP export earnings, a year-on-year increase of 16%.

In April 2020, W&WP export to the US was reported at US$ 89.3 million showing a year-on-year decline of 22% and a decline of 38% compared to March 2020.

EU: At the end of April 2020, W&WP exports to EU earned US$257.8 million, down 19% compared to the same period of 2019. During April 2020, EU markets consumed just US$37.9 million, 49% less than that of March 2020 and 51% down compared to the same period of 2019.

China: In the first 4 months of 2020 the export of W&WP to China earned US$445.7 million, 14% over the same period of 2019. With the pandemic, W&WP exports during April 2020 were reported at US$107 million, down 16% compared to the same period of last year and down 30% against March.

Japan: W&WP exports between January and April 2020 earned US$401.9 million, an increase of 2% compared to the same period of 2019. Due to the impact of the pandemic, W&WP exports during April, 2020 accounted for US$85 million, 20% down compared to the same period of 2019 and 30% down against March 2020.

South Korea: In the first 4 months of 2020, W&WP shipped from Vietnam to South Korea earned US$276.9 million, 7% higher than the same period of 2019.

During April, 2020, exports to this market earned US$105.7 million, 39% above that in March 2020 and 57% higher than in the same period of last year.

Залишити коментар