The volume of Ghana's wood products exported during the 1Q 2020 totalled 54,022 m3 earning Euro 26.58 million. Compared to the 2019 figure of 80,139 m3 (Euro 41.76 million), the volume and value of exports were down by a third in the 1Q 2020. Which suggests that, despite the impact of the pandemic around the world, trade was rather resilient, as ITTO reported.
The leading export products in the 1Q 2020 were air and kiln dry sawnwood, plywood to regional markets and billets, which altogether accounted for over 85% of exports. The leading species were teak, wawa, ceiba, denya and rosewood for the Indian, Chinese, German, Vietnam and USA markets.
The decline in export earnings is attributed to the coronavirus pandemic which disrupted global supply chains with lockdown and movement restrictions. Since March this year Ghana closed its land, sea and air borders.
