Vietnam's exports of wood and wood products reached nearly $1.7 billion, bringing the total export value for the year to $17.2 billion—an increase of almost 6% compared to 2024.

According to Vietnam Customs' data, this marks the first time the wood industry has surpassed the $17 billion threshold, a remarkable milestone in what has been considered one of the most challenging years for the sector.

In 2025, exports of wood and wood products to the US reached $9.46 billion, up 4.4% from 2024 and accounting for about 55% of the industry’s total export value. Notably, Vietnam continued to maintain its position as the largest supplier of wooden furniture to the US market.

According to data from the U.S. International Trade Commission (USITC), in the first eight months of 2025, US imports of wooden furniture from Vietnam totaled $6.1 billion, up 9% year-on-year, accounting for 45.3% of total imports of this product category. Meanwhile, imports from China fell sharply to just $1.4 billion, down 36% compared to the same period of 2024.

Vietnam’s market share of wooden furniture in the US rose from 40.5% in the first eight months of 2024 to 45.3% in the same period of 2025, while China’s share dropped from 15.7% to 10.4%. This widening gap underscores Vietnam’s firm consolidation of its leading supplier position in the US market.

Beyond the US, exports of wood and wood products to Japan grew strongly by more than 23% in 2025, reaching $2.153 billion—surpassing the $2 billion mark for the first time and overtaking China to become Vietnam’s second-largest export market.

Exports to China, though slipping to third place, still rose slightly to $2.086 billion, marking the second consecutive year above $2 billion. Together, the three “billion-dollar markets”, the US, Japan, and China, accounted for nearly 80% of Vietnam’s total wood and wood product export value in 2025.

Other markets were much smaller in scale, such as South Korea with $709 million; Canada, $288 million; and the UK, $244 million.

Source: vneconomy.vn