Wednesday, December 19,2018 - 22:36 GMT+7  Việt Nam EngLish 

Wood and furniture got trade surplus of over US$4 billion 

 Friday, October 5,2018

AsemconnectVietnam - Vietnam earned US$5.66 billion from exports of wood and furniture in the first eight months of this year, increased by 14.9 per cent over the same period last year, showed the statistics figures of the General Department of Customs.

Also in the first eight months, the country imported over $1.4 billion worth of wood and furniture, up by 2.4 per cent year – on – year. So the country got over $4 billion in wood and furniture trade.

Vietnam exported wood and furniture to over 40 countries and territories in the world, leading by the U.S with $2.3 billion, up by 15.29 per cent year – on – year and accounted for 42.2 per cent of the total.
China ranked second with $732.1 million, up by 3.71 per cent year – on – year; and then Japan, South Korea, Britain, Australia.

In the first eight months of this year, Vietnam’s exports of wood and furniture to the South East Asian countries increased sharply by 81.44 per cent to $118.4 million; and to the EU countries - $493.1 million, up by 3.23 per cent.

In the first eight months of this year, Vietnam’s exports of wood and furniture to Czech increased sharply by 2.39 times or 139.69 per cent to $1.2 million; but to Kuwait and Hong Kong (CN) decreased sharply by 51.26 per cent and 32.65 per cent to $5.6 million and $4.3 million, respectively year – on – year.

Vietnam’s top 10 export markets of wood and furniture in the first eight months of 2018 -
source: VITIC – according to the figures of the General Department of Customs
Market
August of 2018 (US$)
August of 2018 vs. July of 2018 (%)
First 8 months of 2018 (US$)
First 8 months of 2018 vs. same period of 2017 (%)
The U.S
360,048,446
8.27
2,394,024,544
15.29
China
100,824,287
26.64
732,109,277
3.71
Japan
108,346,282
14.66
730,056,286
8.79
South Korea
84,728,119
-3.4
632,313,400
52.77
Britain
23,802,098
8.63
188,603,384
-0.03
Australia
20,278,967
21
121,353,439
15.97
Canada
13,416,957
6.64
103,640,687
1.84
France
8,471,194
-4.07
81,272,155
24.27
Malaysia
10,026,519
7.82
71,688,045
115.01
Germany
5,434,095
-2.9
64,059,064
-10.09
In the first eight months of this year, Vietnam’s exports of wood and furniture to Australia reached $121.3 million, up by 15.97 per cent year – on – year.
CK
Source: VITIC

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