China’s Customs data shows that in the first half of 2018 the value of wood products trade between China and the US totalled US$14.591 billion, up 7% from the same period of 2017 which is a slow pace of growth compared to a year earlier. Imports of wood products from the US accounted for 18% of the national total, the same proportion as in the first half of 2017.
Of the total, the value of China’s exports to the US rose 10% to US$9.746 billion. The value of China’s imports from the US rose just 3% to US$4.845 billion. Overall the pace of growth in trade between the US and China is slowing.
Although the volume of log, paper, paperboard and paper products, sawnwood, imports rose 18%, 9% and 3% to 3.26 million cubic metres, 0.44 million tones and 1.52 million cubic metres respectively in the first half of 2018, the pace of growth fell compared to the same period in 2017.
Exports of major forest products between China and the United States have been hit hard in the first half of 2018.
The pace of growth in China’s major wood products exports to the US are slowing. First half 2018 plywood exports (412 000 cubic metres) fell over 50% year on year and fibreboard exports fell 10% to and 148 000 tonnes. There has also been a decline in the value of wooden furniture exports to the US.
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