Only sawnwood exports have held up with all other products posting losses. To-date products that contributed most to 2016 export earnings were plywood (48%), logs (27%) and sawn timber (12%).
In the first two months of the year Japan continues to be the major market accounting for 36% of total wood product exports. Other markets included India (21%), Taiwan P.o.C (9%), Middle East countries (9%), Korea (8%), the Philippines (6%), Vietnam (3%) and Thailand (2%).