Wood and wood product (W&WP) trade highlights

T5,Tháng Ba 16,2023

Wood and wood product (W&WP) trade highlights

Statistics provided by the General Department of Customs reveal that in February 2023 W&WP exports earned US$800 million, down 0.7% compared to January 2023 and down 11% compared to February 2022. In particular, WP exports are estimated at US$490 million, down 0.3% compared to January 2023 and down 30% compared to February 2022. In the first 2 months of 2023 W&WP exports earned US$1.6 billion, down 35% over the same period in 2022. In particular, WP exports stood at US$982 million, down 48% over the same period in 2022. Vietnam’s W&WP imports in February 2023 were reported at US$150 million, up 25% over the previous month. However, compared to February 2022 imports fell by 21%. In the first 2 months of 2023, W&WP imports have been estimated at US$270 million, down 39% over the same period in 2022.Vietnam’s imports of logs and sawnwood in February 2023 stood at 290,400 cu.m, worth US$109.2 million, up 24% in volume and 25% in value compared to January 2023.

However, compared to February 2022, wood imports decreased by 21% in volume and 19% in value. In the first 2 months of 2023 imports of wood reached 466,900 cu.m worth US$175.4 million, down 41% in volume and 41% in value over the same period in 2022.

Source: ITTO