Forestry exports up 21% in H1

By VNA July 3, 2024 | 06:50 pm PT

Workers handle plywood on conveyor belts in the central province of Quang Binh. Photo by Shutterstock/Loner Nguyen

The export value of timber and wood products hit $7.95 billion in the first half of 2024, up 21.2% year-on-year, the Forestry Department under the Ministry of Agriculture and Rural Development has reported.

That resulted in a trade surplus of $6.67 billion, 21.6% higher than that of the same period last year, statistics show.

The U.S. and China were the main importers, respectively purchasing $4.38 billion and nearly $1.06 billion worth of forestry products from Vietnam in the period, up 27.6% and 46.6% compared to the same period in 2023.

Concentrated forest exploitation nationwide was estimated at 9.93 million cu.m, 6.3% higher than that of the same period last year.

Localities planted 125,500 ha of concentrated forests, equivalent to 51.2% of the plan, up 1.2% year-on-year. The total area of planted forests is estimated to reach 245,000 ha in the whole year.