Jul 06, 2010. /Lesprom Network/. The Malaysian Timber Industry Board (MTIB) targets RM53 billion ($16.4 billion) in wood and timber product exports by 2020. The target is achievable if the current trend in sales continues, ITTO reported. The Malaysian timber industry is recovering after two years of recession. Exports of Malaysian wood and timber products reached RM6.9 billion ($2 billion) in the first four months of 2010, up 22% from the same period in 2009.