According to the General Department of Customs, it is estimated that the export value of wood and wood products in wood products in June 2022 at 1.03 billion USD, down 18.1% compared to June 2021.
In the first 6 months of 2022, the export value of wood and wood products is estimated at 8.5 billion USD, up 2.8% over the same period in 2021. In which, the export of wood products is estimated at 6.14 billion USD, down 4.6% over the same period in 2021.
Due to the impact of the epidemic situation, the "Zero Covid" policy in China as well as the high input costs due to the impact of the conflict between Russia and Ukraine, many countries face rising inflation, so consumers have to tighten their spending, the demand for non-essential goods decreases, including wood products and wood products.
Therefore, the export value of Vietnam's wood and wood products in the first half of 2022 decelerated.
Global trade is recovering slowly due to the impact of the conflict between Russia and Ukraine, along with the outbreak of the disease and the "Zero Covid" policy in China.
Notably, while the main export items decreased slightly, the export of items such as wood chips; wood, planks and flooring. Wooden door; fine art furniture saw positive growth in the first 5 months of 2022.