Disclaimer: The information provided on the Timber Exchange Market Data Hub is sourced from a variety of publicly available data sources and confidential sources that have not been independently verified. Timber Exchange is not responsible for any expenses, damages, losses, or costs incurred as a result of using or relying on the information provided on this site. By using the Timber Exchange Market Data Hub, you agree to use the information at your own risk and acknowledge that any decisions made based on the information provided are done so solely at your own risk.
U.S. wood market rebounds with a 7% increase in exports in 2023

U.S. wood market rebounds with a 7% increase in exports in 2023

Posted on November 3, 2023   |  

The total export value of wood and wooden products reached $9.6 billion in the first 9 months of 2023, showing a 21.8% decrease compared to 2022.

In September 2023, there was a gradual recovery in wood and wooden product exports to the US, with a 7.5% increase compared to September 2022, reaching a total of $616.9 million.

Over the first 9 months of the year, wood and wooden product exports to the US reached $5.2 billion, representing a 24.2% decline compared to the previous year. 

However, the rate of decline is slowing as the US market's demand gradually increases.

The Import-Export Department emphasizes that the recovery of the US market plays a crucial role in promoting the growth of the wood industry in the later months of the year, as it contributes to 53.7% of the country's total wood and wooden product export value.

During the same period, wood and wooden products were primarily exported to Japan, with a total value of $1.26 billion, followed by China with exports worth $1.23 billion.

The wood industry is optimistic about its prospects as the US market continues to rebound, and it maintains strong trade relationships with Japan and China.



Previous Next