The characteristics of bioliquid produced through the hydrothermal carbonization (HTC) of wood wastes and the effects of recirculation on hydrochar production were analyzed. The organic acids and total organic carbon of bioliquid increased with progressive recirculation, whereas intermediate byproducts decreased. Hydrochar production by bioliquid recirculation increased mass yield, carbon content, caloric value, and energy yield of the former, while improving its quality as a solid refuse fuel. We concluded that bioliquid recirculation promoted HTC, as demonstrated by Fourier-transform infrared spectroscopy. Furthermore, contrary to predictions, a relatively constant quantity of bioliquid was generated in each step, indicating that its continuous reuse is feasible. Therefore, bioliquid recirculation can improve hydrochar production while simultaneously mitigating the environmental impact of wastewater generation. This method should be considered an important strategy toward the implementation of carbon-neutrality goals.