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Forestry exports up 21% in H1

Updated: 16:32, 04/07/2024

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.

Workers handle plywood on conveyor belts in the central province of Quang Binh.

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.

Source: VnExpress

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