Rattan, bamboo, and sedge exports edge up in Q1
VOV.VN - Vietnam’s rattan, bamboo, sedge, and carpet exports during the first quarter of the year surged by 28.3% to reach US$212.07 million against the same period from last year, according to the General Department of Vietnam Customs.
In March alone the country grossed US$85 million from exporting rattan, bamboo, sedge, and carpet products, representing an increase of 79.9% compared to February and hitting a record high over the past two years.
Experts assessed that this marks a good sign as the product category experienced a downward trajectory in February due to the extended Lunar New Year holiday, with turnover reaching only US$47.26 million, down 40.7% compared to January.
Over recent times, rattan, bamboo, sedge, and carpet products have been shipped to 59 markets worldwide with exports to the US, the UK, Japan, and Spain rising by 8.4%, 30.4%, 3.1%, and 9.1% to reach US$14.48 million, US$2.75 million, US$2.26 million, and US$2.19 million, respectively.
Thanks to the robust export growth being recorded in rattan, bamboo, rush, and carpet products, timber and wooden products during the first quarter of the year soared by 18.9% to US$3.4 billion on-year. Currently, the number of export orders has rebounded by between 80% and 90%, with some enterprises securing orders until mid-2024.
Industry insiders predict that with the ongoing recovery from some key export markets such as the US and the EU, there is a positive outlook ahead for Vietnamese wooden furniture and handicraft exports moving forward.
