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According to customs data, the export value of forest and timber industry is expected to reach 16.9 billion US dollars in 2022, a year-on-year increase of 6.1%. According to customs data, it mainly exports to China, the United States, the European Union, Japan, and South Korea, and purchases forest products worth 15.48 billion US dollars from Vietnam, accounting for more than 90% of forest products in South Vietnam.

Decreased orders for wood products: In the past three years, the epidemic and economic turmoil have severely disrupted the wood supply chain. Against the background of insufficient supply of raw materials, rapidly rising logistics costs, and labor shortages, the export data of Vietnam's wood and wood products industry is unexpectedly still growing, and the trend remains unchanged. According to customs data, in the later months of 2022, the intensification of global inflation has had a negative impact on trade orders in the Vietnamese timber industry, leading to a sharp decline in the number of orders placed by exporters.

According to customs data, wood chips and wood chips are the savior: Although Vietnam's exports of wood products and household products are declining, the exports of wood chips and wood chips have increased significantly. Wood chips are mainly sold to Europe, Japan, and South Korea, while wood chips are mainly exported to China. According to industry sources, Chinese buyers import a large amount of wood chips from Vietnam for the paper industry, and many Vietnamese wood traders also supply them to Chinese particle factories. As domestic timber harvesting cannot meet supply, China will continue to import timber from neighboring countries, ushering in a good opportunity for Vietnamese timber exporters.

According to customs data, sales of these two products are expected to be between $2.8 billion and $2.9 billion this year. The future goal of Vietnam's forestry sector is to achieve a total forestry export of 17.5 billion US dollars by 2023, with a growth rate of 5-5.5% and a forest coverage rate of not less than 42%.