Forestry exports up 41.5% in Q1
Image for illustration (Photo: VNA)
NDO/VNA – Vietnam earned about US$1.52 billion from wood and forestry exports in March, raising the value in the first three months of this year to over US$3.94 billion, up 41.5% year-on-year.
Of which, exports of wood and wooden products nearly touched US$3.7 billion, up 41.5%, and exports of non-timber forestry products reached US$243 million, up 38.4%.
According to the Vietnam Administration of Forestry under the Ministry of Agriculture and Rural Development, major export markets for Vietnamese timber and forestry products were the US, Japan, China, the EU, and the Republic of Korea (RoK), accounting for up to 90% of the total value.
Meanwhile, the import value of wood and wooden products was estimated at US$227 million in March and US$709.6 million in the first quarter, up 31% over the same period last year.
The domestic forestry sector ran a trade surplus of over US$3.23 billion in the three-month period, up 43.4% year-on-year.
Vietnamese enterprises have been importing wood and forestry products from China, the US, Cameroon, Thailand, and Chile, accounting for about 55% of the accumulative import revenue.
The rise in the import value was due to higher prices of raw materials and increasing demand.
The Vietnam Administration of Forestry also reported that localities nationwide planted 31,498 hectares of forest so far this year, up 16% as compared with the same period last year.
- Leftovers: In Vietnam's Hue, yesterday’s rice is today’s hot menu item
- Vietnam opens UN staff officer training course
- Critical patient in Vietnam covered US 1 6 milion for treatment fees by medical insurance
- Global cases of COVID-19 continue to increase for a seventh consecutive week: WHO
- From humble sedge come new creations
Vietnam economy to expand 7% annually in 2021-22: Fitch Ratings
H&M fighting to save fanbase after social media backlash
Shrimp sector sets sights on US$4 bln export target in 2021
Over VND27 trillion sought for key roads leading to seaports in HCMC
Vietnam aims at US$4 billion of shrimp export revenue in 2021
New Advancements to Aruba ESP Deliver Edge-to-Cloud Security to Enterprises
AVITA LIBER V notebook wins coveted Red Dot 2021 design award, recognizing the tech-fashion brand’s aim of achieving functional beauty, expression and individualism
CFO Survey: China set to lead global post-pandemic recovery in 2021
Expansion of CarePlus Clinics in Vietnam by A Consortium of Investors
Quality lifestyle asks for more quality baby hampers - Give Gift Boutique helps children with special needs by supporting charitable activities