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US$ 1.8 billion earned from exports of wood and furniture in first quarter 

 Thursday, April 27,2017

AsemconnectVietnam - 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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