HANOI, Oct. 5 (Xinhua) — Wood pellets and wooden chips are a shiny spot within the cargo of Vietnam’s forestry merchandise, the Vietnam News reported Thursday, citing the Vietnam Timber and Forest Product Association.
The worth of Vietnamese wooden chip exports reached 1.1 billion U.S. {dollars} within the first seven months of this 12 months, with China and Japan being the largest importers, in keeping with the General Department of Vietnam Customs.
The two East Asian nations made up almost 95 p.c of the overall quantity and worth of Vietnam’s wooden chip exports in 2022 and over 90 p.c within the first half of this 12 months.
Meanwhile, Vietnam’s wooden pellet exports earned 380 million {dollars} from January to July.
South Korea and Japan have been the 2 main importers of wooden pellets from Vietnam, accounting for almost 100% of the overall quantity and worth of Vietnam’s exports to all markets since 2019.
According to the Ministry of Agriculture and Rural Development, Vietnam’s forestry product exports have recovered because the third quarter.
The nation’s forestry product exports in September surpassed 1.28 billion {dollars}, up 7.3 p.c after a chronic interval of decline.