Vietnam’s wood export industry sees the US market as a bright spot in 2025.
In January 2025, wood and wood product exports reached $1.42 billion, with the US being the largest market at $780 million. 2024 saw a 20.3% increase in those exports, totaling $16.25 billion, with the US accounting for 56% ($9.1 billion).
The US market is expected to remain strong due to a recovering housing market. Exports to China and the EU are expected to decline. Vietnamese businesses should focus on certifications and product value-added. The industry aims for $18 billion in exports in 2025, emphasizing digital transformation and green practices.
Key Takeaways:
- US Market Strength: The US is the largest market for Vietnamese wood exports and is expected to remain strong.
- 2024 Growth: Wood and wood product exports increased by 20.3% in 2024.
- 2025 Outlook: The industry aims for $18 billion in exports in 2025.
Key Statistics:
- January 2025 Exports: $1.42 billion total, $780 million to the US.
- 2024 Total Exports: $16.25 billion.
- US Share of 2024 Exports: 56% ($9.1 billion).
Source: https://vneconomy.vn/thi-truong-hoa-ky-tiep-tuc-la-diem-sang-cua-nganh-go-xuat-khau.htm
