In the 1Q 2017, Peru’s wood product exports amounted to $28.37 million (FOB value). This was in contrast to the $29.85 million in the 1Q 2016 and represents an almost 5% decline in earnings in 2017.

Lumber

Peru’s timber exports down 5% in 1Q

In the 1Q 2017, Peru’s wood product exports amounted to $28.37 million (FOB value). This was in contrast to the $29.85 million in the 1Q 2016 and represents an almost 5% decline in earnings in 2017, as ITTO reported.

Of the $28.37 million export earnings, the Chinese market continued to be the main destination for exports and in the 1Q 2017 there was an almost 14% growth in demand from this market. China accounted for around 53% of all wood product exports from Peru in the 1Q 2017.

The United States market was ranked second (11% of exports in the 1Q but, year-on-year), 1Q 2017 exports were down 34%.

Mexico is Peru’s third main export market for wood product and in the 1Q 2017 accounted for 10% of all wood product exports. Year-on-year exports to Mexico fell slightly in the 1Q 2017.