US Dollar Exchange Rates of 12th Aug 2010
China Yuan 6.7848
Report from China
China posts robust gains in exports and imports of major wood products
China¡¯s log imports in the first half of 2010
Log imports totalled 16.6 million cu.m, valued at US$2,905 million in the first half of 2010, up 25% in volume and 60% in value from the same period in 2009. Of the total, softwood log imports were 11.4 million cu.m, valued at US$1,458 million, up 68% in volume and 50% in value. Hardwood log imports were 5.3 million cu.m, valued at US$ 1,446 million, up 32% in volume and 50% in value.
Of the total log imports, 26% were tropical log imports totalling 4.2 million cu.m, a significant jump of 56% from the same period in 2009.
Major log importing regions
During the first half of 2010, there were five provinces that imported more than one million cu.m of logs each: Jiangsu Province, Inner Mongolia Autonomous Region, Heilongjiang Province, Shandong Province and Shanghai Municipality.
Sawnwood imports
Sawnwood imports totalled 6.5 million cu.m, valued at US$1,669 million in the first half of 2010, up 60% in volume and 77% in value over the same period last year.
Imported sawnwood came mainly from Russia and Canada which accounted for 56% of the national total.
Wood-based panels
In the first half of 2010, imports of various wood-based panels were 92,700 cu.m, valued at US$49 million, an increase of 21% in volume and in value compared to the same period in 2009. Malaysia and Indonesia continued to be the main plywood suppliers. China imported 50,300 cu.m of plywood from Malaysia, valued at US$22 million, accounting for 54% in volume and 45% in value of the national total. Imports from Indonesia were 19,300 cu.m, valued at US$9.2 million, accounting for 21% in volume and 19% in value of the national total.
Fibreboard imports amounted to 135,100 tons, valued at US$60.2 million, down 1% in volume but up 10% in value from the first half of 2009. Particleboard imports rose to 155,500 tons, valued at US$49.8 million, 9% higher in volume and 16% in value from the same period last year.
Trade in wooden furniture
China imported furniture worth US$160 million in the first half of 2010, up 9% in value from the same period last year. Even so, China exported much more furniture valued at US$7,384 million in the first half of 2010, 46% higher than in the same period last year.
Guangdong and Shanghai are the major provinces in China with the largest exports of wooden furniture. Guangdong Province exported worth US$3,936 million of wooden furniture in the first half of 2010, accounting for 53% of the national total; Shanghai City exported US$1,655 million, a 22% share of the national total.
Other wood product exports
In the first half of 2010, exports of other wood products such as wooden doors, mouldings, wooden handicrafts and package materials etc. were worth US$178 million, up 28% from the same period last year.
Wood-based panel exports
Plywood: A total of 3.52 million cu.m of plywood were exported in the first half of 2010, valued at US$1,583 million, up 47% in volume and 44% in value from the same period last year.
Fibreboard: Fibreboard exports totalled 976,700 tons in the first half of 2010, valued at US$563 million, 76% higher in volume and 65% in value from the same period last year.
Solid wood flooring: In the first half of 2010, China exported some 134 400 metric tones of solid wood flooring, valued at US$197 million, up 38% in volume and 35% in value over the same period in 2009.
Sawnwood: A total of 261,800 cu.m of sawnwood were exported in the first half of 2010, valued at US$164 million, down 8% in volume and value from the same period last year.
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