The depreciation of the ringgit is having a positive impact on timber exports. 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%).

Malaysia’s wood product exports rose by 5% in 2014

11:00 / April 16, 2015

Apr 17, 2015. /Lesprom Network/. The depreciation of the ringgit is having a positive impact on timber exports according to the Director-General of Malaysian Timber Industry Board (MTIB), Dr Jalaludin Harun. Last year Malaysia was the eighth largest furniture exporter in the world, ITTO reports.

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 rose by 5% in 2014

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