Vietnam’s export of wood and wood-based products is projected to reach 8.85 billion USD this year, up over 1 billion USD from the 2017 record of 7.7 billion USD.

Timber and wood products earned the country over 7.22 billion USD between January and October, increasing 15.6 percent against the same period last year. Also between January and October, Vietnam spent nearly 1.9 billion USD importing wood and woodwork products, translating into a trade surplus of over 5.35 billion USD, an annual increase of nearly 1 billion USD. Trade surplus of timber goods was ranked second among key Vietnamese agricultural exports during the period, only behind that of aquatic products, which recorded over 5.8 billion USD. -VNA