Exports of timber and timber products from Sarawak, Malaysia, in the first half of 2014 grew by just 1% compared to the same period in 2013 (1H 2014 RM 3.66 billion ($1.2 billion); 1H 2013 RM 3.61 billion ($1.1 billion). Plywood was the main export product, commanding 54% of total exports in the first half (RM1.98 billion ($617 million).

Sarawak’s timber product exports grew by 1% in 1H 2014

14:12 / September 5, 2014

Sep 06, 2014. /Lesprom Network/. Exports of timber and timber products from Sarawak, Malaysia, in the first half of 2014 grew by just 1% compared to the same period in 2013 (1H 2014 RM 3.66 billion ($1.2 billion); 1H 2013 RM 3.61 billion ($1.1 billion). Plywood was the main export product, commanding 54% of total exports in the first half (RM1.98 billion ($617 million), ITTO reported.

The key market for the state’s timber products was Japan (RM1.548 billion ($482 million) which accounted for 40% of the state’s total revenue from the export of wood products.

India was the second major buyer (RM702 million ($219 million) followed by Taiwan P.o.C (RM 379 million ($118 million) and South Korea (RM253 million ($79 million). Combined, the total revenue from these three countries alone amounted to RM1,334 billion.

Awang Tengah Ali Hasan, Minister for Resource Planning and Environment, said: “We see the increase in export value of our timber products in the first six months of this year as a positive sign for the industry, despite the unstable global economy.”

He said that, in addition to the traditional markets, the state was trying to explore other markets such as Yemen and Vietnam having examined the market in Kazakhstan last year.

Lesprom Network

Sarawak’s timber product exports grew by 1% in 1H 2014

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