Vietnamese wood products exports rise sharply in May

July 01, 2024
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According to Vietnam Office of Customs data W&WP exports to the EU in May 2024 reached US$42 million, up 45% compared to May 2023. In the first 5 months of 2024 W&WP exports to the EU totalled US$247.3 million, up 37% over the same period in 2023.

Vietnam’s woodchip exports in May 2024 were valued at US$224 million, down 8% compared to April 2024 but up 67% compared to May 2023. In the first 5 months of 2024, woodchip exports contributed US$1.08 billion, up 30% over the same period in 2023.

Vietnam's pine imports in May 2024 were 75,500 cu.m worth US$17.0 million, up 7% in volume and 7% in value compared to April 2024. 

Compared to May 2023, imports increased by 11% in volume and 22% in value. In the first 5 months of 2024 pine imports were 302,900 cu.m, worth US$66.1 million, up 44% in volume and 45% in value over the same period in 2023.

Imports of raw wood (logs and sawnwood) from the US in May 2024 amounted to 55,000 cu.m with a value of US$24.0 million, up 7% in volume and 10% in value compared to April 2024 bringing the total amount of raw wood imported from the US in the first 5 months of 2024 to 249,290 cu.m with the value of US$107.29 million, up 15% in both volume and value over the same period in 2023.

In the first 5 months of 2024 W&WP exports earned US$6.2 billion, up 24% over the same period in 2023 of which the share of WP exports was US$4.2 billion, up 24% over the same period in 2023.

Vietnam's office furniture exports in May 2024 earned US$25.7 million, up 18% compared to May 2023. In the first 5 months of 2024 office furniture exports reached US$117.6 million, up 11% over the same period in 2023.

Vietnam’s W&WP imports in May 2024 were valued at US$247.8 million, up 6% compared to April 2024 and up 15% compared to May 2023. In the first 5 months of 2024 W&WP imports were valued at US$1.02 billion, up 20% over the same period in 2023.

Vietnam's poplar imports in May 2024 were estimated at 29,500 cu.m worth US$11.1 million, up 7% in volume and 6% in value compared to April 2024. However, compared to May 2023, imports dropped by 4% in volume and 21% in value. In the first 5 months of 2024, poplar log and sawnwood imports amounted to 132,200 cu.m, worth US$49.4 million, up 19% in volume and 4% in value over the same period in 2023.

Vietnam’s imports of logs and sawnwood from China in May 2024 were reported at 92,000 cu.m with a value of US$36.0 million, up 3% in volume and 1% in value compared to April 2024 bringing the total imported from China in the first 5 months of 2024 to 346,510 cu.m with a value of US$134.99 million, up 71% in volume and 38% in value over the same period in 2023.