Vietnam's top 10 export markets for timber and wood products in the first 5 months of 2020

According to the General Department of Vietnam Customs, in May, Vietnam's export of wood and wood products reached USD 771.7 million, down 14.5% over the same period last year.

Accumulated 5 months of export reached USD 4.08 billion, up 1.6% over the same period. Particularly, wooden products for export reached USD 2.8 billion, up 0.6% and accounting for over 69% of total export turnover of this group.

Statistics show that exports of wood and wood products in the first 5 months of this year to most markets decreased in turnover over the same period in 2019.

Vietnam's top 10 export markets for wood and wood products in the first 5 months of this year recorded the US as the only market with turnover of over USD billion, accounting for over 49% of the country's total export turnover of this commodity group. with USD 2.01 billion and up 9.5% over the same period.

Followed by Japan with USD 523 million, accounting for 12.8% and decreasing by 0.5%; China increased by 17% to USD 551 million; South Korea fell nearly 1% to USD 345 million; EU decreased 24% to USD 288 million.

Strong export growth in some markets such as Hong Kong increased by 182% to USD 4.82 million; Cambodia increased by 125% to USD 6.4 million; Thailand increased by 40% to USD 19.8 million.

Phaata 

Phaata.com - The first International Logistics Marketplace in Vietnam

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