The export turnover of wood and wood products hit 4.99 billion USD in the first four months of 2021, a surge of 50.5 percent year-on-year, according to the Ministry of Agriculture and Rural development.<\/p>\n\n\n\n
Hanoi (VNA<\/strong>) – The export turnover of wood and wood products hit 4.99 billion USD in the first four months of 2021, a\u00a0surge<\/strong>\u00a0of 50.5 percent year-on-year, according to the Ministry of Agriculture and Rural development.<\/p>\n\n\n\n In April alone, the export value of wood and wood products reached 1.2 billion USD, the ministry said.<\/p>\n\n\n\n The US, China, Japan and the Republic of Korea were the biggest importers of\u00a0Vietnam<\/strong>\u2019s wood in the period, accounting for 87.1 percent of the total export value.<\/p>\n\n\n\n In the last four months, the value of exports increased in almost all markets except for Taiwan (down 0.1 percent) and the UK (down 0.7 percent).<\/p>\n\n\n\n In the reviewed period, Vietnam spent 978.8 million USD on importing wood, up 33.6 percent compared to the same period last year, the ministry added.<\/p>\n\n\n\n Export turnover of wood and\u00a0wood products<\/strong>\u00a0is the sixth largest among Vietnamese export commodities. Wood and\u00a0wood products\u00a0are also the items with the largest trade surplus, contributing to improving the trade balance.<\/p>\n\n\n\n Vietnam currently has about 12,000 enterprises operating in wood production and processing, with about 500,000 employees and 320 trillion VND (nearly 14 billion USD) of production-business capital over 120 trillion VND in value of fixed assets, and nearly 360 trillion VND in net revenue.<\/p>\n\n\n\n