Countries generating billions in timber revenue
In the year 2024, the global trade of forest products saw significant activity, with various countries playing key roles in this dynamic market. According to data from the UN's Comtrade, China, Turkey, Finland, and Belarus were Russia's main trade partners for forest products. However, it's worth noting that Russia did not appear in the 2024 export ranking provided in the UN's trade database.
On the other hand, China emerged as the world's top exporter in the 'Wood and articles of wood; wood charcoal' commodity group, with earnings of approximately $16.40 billion. The main source of China's income from this group was plywood and veneered panels, contributing a substantial $5.27 billion.
Following closely behind, Germany also ranked as a major supplier, earning almost $10.36 billion from exports. Sawn timber was the largest contributor to Germany's earnings, amounting to $2.66 billion.
Canada, another significant player, had exports in the same group amounting to $13.55 billion the previous year, with the primary income coming from sawn timber exports ($6.65 billion).
New Zealand's earnings from the same commodity group in 2024 were $2.87 billion, while Lithuania's exports amounted to $1.50 billion. Malaysia's earnings were $2.25 billion, and Australia's earnings were $1.01 billion.
Chile's exports in the same group in 2024 amounted to $2.32 billion. Unspecified countries also had significant volumes of wood and wood product exports.
It's interesting to note that Russia's forest products were purchased by a variety of countries in 2024, including China, South Korea, Japan, Egypt, Uzbekistan, Turkey, Israel, and others. Belarus, however, is not mentioned in the article regarding the 2024 exports of the 'Wood and articles of wood; wood charcoal' commodity group.
This brief analysis offers a glimpse into the global trade of forest products in 2024, highlighting the key players and the commodities that contributed to the earnings of these countries. The data presented here underscores the importance of these products in the global economy and the dynamic nature of international trade.
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