HANOI, Oct 5 (NNN-VNA) – Wood pellets and wood chips are a bright spot in the shipment of Vietnam’s forestry products, it was reported today, citing the Vietnam Timber and Forest Product Association.
The value of Vietnamese wood chip exports reached 1.1 billion U.S. dollars in the first seven months of this year, with China and Japan being the biggest importers, according to the General Department of Vietnam Customs.
The two East Asian countries made up nearly 95 percent of the total volume and value of Vietnam’s wood chip exports in 2022, and over 90 percent in the first half of this year.
Meanwhile, Vietnam’s wood pellet exports earned 380 million dollars from Jan to Jul.
South Korea and Japan have been the two major importers of wood pellets from Vietnam, accounting for nearly 100 percent of the total volume and value of Vietnam’s exports to all markets since 2019.
According to the Ministry of Agriculture and Rural Development, Vietnam’s forestry product exports have recovered since the third quarter.
The country’s forestry product exports in Sept surpassed 1.28 billion dollars, up 7.3 percent after a prolonged period of decline.– NNN-VNA
