China: Wood products trade update

Wednesday 10 Oct 2018

China’s first half 2018 wood products trade

Data from China Customs shows that in the first half of 2018 the value of China’s wood products trade totalled US$80.97 billion, up 9% from the same period of 2017 but this was a slower growth than in the first half of 2017.

Of the total, the value of exports in the first half rose 6% to US$39.1 billion. China’s traders accelerated their wood product exports to beat the introduction of tariffs by the US.

The value of imports of wood products rose 13% to US$41.9 billion in the first half of 2017, down 9% year on year. Overall the pace of China’s wood products imports was slower in the first half of 2018.

China: Main Wood Product Imports

Logs:
In the first half of 2018 the volume of China’s log imports totalled 30.32 million cubic metres valued at US$5.8 billion, a year on year increase of 17% and 28% respectively.

Sawnwood: In the first half of 2018 the volume of China’s sawnwood imports totalled 18.15 million cubic metres valued at US$5.2 billion, a year on year increase of 0.1% and 9% respectively.

Wood pulp: In the first half of 2018 the volume of China’s wood pulp imports totalled 12.35 million tonnes valued at US$9.8 billion, a year on year increase of 2% and 33% respectively.

Source: ITTO TTM Report






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