The depreciation of the ringgit is having a positive impact on Malaysia's timber exports. Last year Malaysia was the eighth largest furniture exporter in the world. It has been forecast that the value of Malaysia’s wood product exports by 2020 could reach RM53 billion ($14.3 billion).

Malaysia’s wood product exports could reach RM53 billion ($14.3 billion) by 2020

10:28 / April 24, 2015

Apr 25, 2015. /Lesprom Network/. The depreciation of the ringgit is having a positive impact on Malaysia's timber exports. Last year Malaysia was the eighth largest furniture exporter in the world, ITTO reported.

2014 wood product exports rose by 5% to RM20.5 billion ($5.54 billion) up from RM19.5 billion in 2013. Exports of furniture contributed just over a third of the total value of exports followed by plywood (25%).

It has been forecast that the value of Malaysia’s wood product exports by 2020 could reach RM53 billion ($14.3 billion).

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Malaysia’s wood product exports could reach RM53 billion ($14.3 billion) by 2020

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