In May 2017 Peruvian timber exports totalled $47.8 million (FOB) an almost 8% drop compared to May 2016. Of the total export value in May, China continued as the main export destination with May 2017 exports climbing almost 11% compared to May last year.

Lumber

Peruvian timber exports down 8% in May

In May 2017 Peruvian timber exports totalled $47.8 million (FOB) an almost 8% drop compared to May 2016, ITTO reported.

Of the total export value in May, China continued as the main export destination with May 2017 exports climbing almost 11% compared to May last year. China accounts for around half of all Peru’s wood product exports. Mexico ranks second at 11% participation but May 2017 exports were down 13% month on month. The US is the third largest market (10%) but here exports dropped a massive 45%.

Sawnwood exports during May 2017 were worth $7.9 million down 23% compared to May last year. The main export market for Peru’s sawnwood in May was the Dominican Republic, accounting for a 39% share of all May sawnwood exports. Second is China with a 25% share. In May there was a sharp decline in the value of sawnwood exports to the US (-52%) and a similar pattern was seen with exports to South Korea (-43%).