21 November 2007

China experiences rapid growth during first three quarters of 2007

According to the latest statistics from China customs agencies, foreign trade of China’s major wood products continue to grow rapidly in the first three quarters of 2007. The total value of China’s major wood products imports and exports rose 31.9% to USD42.43 billion.
Of the total, the value of China’s major wood products imports grew 24.3% to USD17.81 billion and the value of China’s major wood products export rose 27.8% to USD24.63 billion.
The trade surplus of wood products broke a record high again and reached USD6.82 billion, up 59.8% from the same period in 2006. The following report discusses the import and export

Wood-based panels
Exports of plywood, fiberboard and particleboard have increased quickly in tandem with the rapid development of the domestic wood-based panel industry in recent years. During January to September 2007, China’s plywood exports totaled 6.75 million m3 earning USD2.68 billion, up 14.1% in volume and 30.7% in value from the same period in 2006. China’s fiberboard exports totaled 1.79 million tons and were valued at USD825 million, up 71.5% in volume and 82.1% in value from the same period in 2006. China’s particleboard exports totaled 911,000 tons earning USD26.25 million, up 41.5% in volume and 45% in value from the same period in 2006. China’s plywood was mainly exported to the US (1,501,300 m3, 22.3%), Japan (535,100 (398,800 m3) and South Korea (366,000 m3). Qingdao, Guangdong etc.