Wood, furniture exports to US expected to hit 10 billion USD

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Wood, furniture exports to US expected to hit 10 billion USD

VietNamPlus - 1/20/2022 3:26:16 PM

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According to the General Department of Vietnam Customs, the export of the products to the US surged 22.4 percent in 2021 to 8.8 billion USD, nearly 88 percent of which came from wooden furniture.

Industry insiders attributed the results to efforts of businesses in maintaining production and effective support from the Government amid difficulties caused by the COVID-19, holding that this expansion trend will continue in 2022.

However, they pointed out that the sector will still face many challenges, including trade remedies and the shortage of containers as well as high logistics cost.

On average, the cost for each container to be transported to the US is 20,000-30,000 USD, four times that in previous years./.

VNA

Read original article here

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