US$ 1.8 billion earned from exports of wood and furniture in first quarter
Thursday, April 27,2017AsemconnectVietnam - Wood and furniture was leading the list of farm, forestry and seafood products exported in the first quarter of this year. This year, the country is expected to earn US$ 7.5 billion from wood exports, up by 8 -10 per cent over the last year.
Vietnam’s exports of wood and furniture increased by over 17 per cent over the same period last year to nearly $ 1.8 billion, showed the statistics figures of the General Department of Customs.
In March only, the country’s exports of wood and furniture reached $ 713.1 million, increased sharply by 57 per cent month – on – month.
The U.S was leading the list of the country’s major export markets of wood and furniture in the first quarter of this year with the export turnover of $ 691.5 million, up by 16 per cent year – on –year and accounted for 39 per cent of the total. It was followed by china with $ 276.5 million, up by 62.6 per cent; Japan - $ 256.9 million, up by 6.6 per cent; and South Korea - $ 143.8 million, up by 16.6 per cent.
In the first quarter of this year, Vietnam’s exports of wood and furniture to Czech increased by 73 per cent to $ 0.3 million; to China – up by 62.6 per cent to $ 276.5 million; to Denmark – up by 63.5 per cent to $ 5.9 million; and to Sweden – up by 52.5 per cent to $ 10.9 million.
However, the exports to Hong Kong; Turkey; Portugal; Switzerland and Saudi Arabia decreased by 65.7 per cent; 61 per cent; 37.5 per cent; 35.8 per cent and 34.5 per cent, respectively.
Vietnam’s exports of wood and furniture in the first quarter of 2017 - Unit: US$ - Source: the General Department of Customs
Item
|
First quarter of 2017
|
First quarter of 2016
|
First quarter of 2017 vs. same period of 2016 (%)
|
Total
|
713,148,527
|
1,780,029,487
|
+17.1
|
Furniture
|
518,394,894
|
1,293,011,023
|
+14.3
|
The U.S
|
278,000,095
|
691,467,499
|
+16.0
|
China
|
114,052,731
|
276,527,024
|
+62.6
|
Japan
|
100,561,346
|
256,878,549
|
+6.6
|
South Korea
|
61,567,056
|
143,840,881
|
+16.6
|
The U.K
|
30,711,922
|
73,940,683
|
-8.7
|
Germany
|
14,290,197
|
40,133,595
|
+16.5
|
Australia
|
13,725,859
|
35,453,412
|
+14.2
|
Canada
|
12,684,139
|
34,310,230
|
+9.9
|
France
|
9,610,446
|
27,279,062
|
+6.4
|
The Netherlands
|
9,247,676
|
24,217,495
|
+9.5
|
Taiwan
|
5,017,672
|
13,928,697
|
-1.9
|
India
|
4,236,514
|
12,241,710
|
-5.0
|
Sweden
|
3,916,912
|
10,856,415
|
+52.5
|
Italy
|
3,726,614
|
10,740,201
|
+20.6
|
Malaysia
|
4,736,006
|
10,593,823
|
+34.0
|
Spain
|
3,729,257
|
9,673,953
|
+36.6
|
Belgium
|
3,374,940
|
8,304,091
|
-2.1
|
Denmark
|
2,224,589
|
5,919,273
|
+63.5
|
Poland
|
2,220,178
|
5,400,237
|
-3.5
|
The U.A.E
|
1,956,887
|
5,292,618
|
+26.2
|
New Zealand
|
2,011,916
|
4,601,785
|
+10.1
|
Thailand
|
1,532,767
|
4,568,384
|
+7.1
|
Singapore
|
1,856,818
|
4,354,760
|
+26.2
|
Hong Kong
|
1,542,981
|
4,064,055
|
-65.7
|
Saudi Arabia
|
1,485,610
|
3,824,739
|
-34.5
|
Kuwait
|
1,116,454
|
2,346,189
|
+36.1
|
Greece
|
936,900
|
2,319,635
|
+10.7
|
South Africa
|
1,213,588
|
2,220,036
|
+47.0
|
Cambodia
|
1,181,776
|
2,203,447
|
-22.0
|
Mexico
|
476,455
|
1,900,248
|
-16.6
|
Turkey
|
939,656
|
1,612,556
|
-61.1
|
Russia
|
377,597
|
1,374,305
|
+33.4
|
Norway
|
404,492
|
1,079,303
|
-1.8
|
Portugal
|
167,931
|
858,482
|
-37.5
|
Finland
|
322,858
|
439,413
|
-29.1
|
Austria
|
173,955
|
426,018
|
-16.3
|
Switzerland
|
161,211
|
346,847
|
-35.8
|
Czech
|
158,985
|
342,960
|
+73.3
|
CK
Source: VITIC
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