The situation of importing and exporting Vietnamese agarwood to the Gulf countries

The situation of importing and exporting Vietnamese agarwood to the Gulf countries

Agarwood, also known as oud or eaglewood, is a highly prized aromatic wood that is used in traditional medicine, perfume making, and religious practices. Vietnam is one of the world's largest producers of agarwood, with the central and southern regions of the country being the primary areas where agarwood trees are grown and harvested.

The export of agarwood from Vietnam has been on the rise in recent years, with the country exporting more than 8,000 tons of the wood in 2021, according to the General Department of Vietnam Customs. This represents a significant increase from previous years, with exports in 2019 and 2018 totaling 4,400 and 2,800 tons respectively. 

Vietnam's agarwood exports are primarily to markets in the Middle East, where the wood is highly prized for use in perfume making and religious ceremonies. Saudi Arabia, the United Arab Emirates, and Kuwait are among the top destinations for Vietnamese agarwood.

However, the agarwood trade in Vietnam has faced some challenges in recent years. The increasing demand for agarwood has led to over-harvesting of the trees, which has resulted in a decline in their numbers. In addition, the illegal harvesting of agarwood trees and the trade in illegal agarwood has also been a problem, leading to government crackdowns and increased regulation of the trade.

To address these issues, the Vietnamese government has implemented regulations to protect agarwood trees and promote sustainable harvesting practices. For example, in 2020, the government issued a decree that required agarwood exporters to obtain a permit from the authorities before they could export the wood. The decree also set limits on the amount of agarwood that could be harvested each year.

In conclusion, the export of agarwood from Vietnam has been a lucrative business in recent years, with the country's agarwood being highly prized in markets around the world. However, the trade has also faced challenges, including over-harvesting and illegal harvesting, which have led to increased regulation of the trade. The Vietnamese government has taken steps to promote sustainable harvesting practices and protect agarwood trees, which will be important in ensuring the long-term viability of the industry.

Welcome to Binh Nghia Company

Binh Nghia Co., Ltd. is one of the leading agarwood production companies.

Now over decades of experience Binh Nghia Co., Ltd. has become one of the world's leading Oud producers.

Our products are 100% organic. Our factory is the largest in Vietnam for the production of agarwood. We specialize in this field for 40 years and the stability of raw materials for production is of good quality and quite competitive.

We are proud to be the leading manufacturer and supplier of Agarwood / Oud Oil, Chips, Incense, Resin, Sanai, Powder and Accessories. Our Agarwood has been on the worldwide market since the 1980s and we have brought much more Scent of Vietnam to every corner beyond the Middle East. It is our great honor to be part of your precious culture in every moment of life, and your precious health benefits as well.

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