The US remains potential market for Vietnamese timber and wood products

The forestry sector aims to export over $18 billion in timber and wood products in 2025.

Forecasts indicate that the US will continue to be a bright spot for Vietnam's timber export industry, while demand from the Chinese and EU markets may decline.

According to data from the General Department of Vietnam Customs, exports of timber and wood products in January 2025 reached $1.42 billion, a decrease of 9.7% compared to December 2024 and a decrease of 3.7% compared to January 2024.

The main export markets for timber and wood products in January 2025 included the US with $780 million (down 4.8%), Japan with $166 million (up 2.8%), and China with $139 million (down 17.5%), compared to the same period in 2024.

Additionally, data from the department showed that the export value of timber and wood products in 2024 reached $16.25 billion, an increase of 20.3% compared to 2023. Of this, the export value  to the US market reached $9.1 billion, or 56% of the total. 

In January 2025, the US remained the largest market, accounting for 54.9% of Vietnam's total export value of timber and wood products in the month.

A report recently published by MBS, a securities company under the Military Bank MB, suggested that the US market will continue to be a bright spot for Vietnam's timber export industry in 2025.

The report indicated that the housing market in the US is recovering strongly, and the number of new homes sold is expected to improve in 2025, thereby boosting demand for timber and wood products.