Borneo sees a decline in timber exports

Due to factors regarding the weather, from January to August 2010, Borneo, Malaysia, has seen its total export of timber and timber products fall 5.7 per cent to RM14.6 billion (US$3.51 billion) as compared to the same period from the year before.

Datuk Low Kian Chuan, chairman of the Malaysian Timber Council (MTC), stated that although exports fell, the council was confident it would still realise its yearly export target by the end of the year.

“So far, our main revenue generators, namely wooden furniture, plywood, sawn timber, fibrewood and builders’ joinery and carpentry are doing well,” he said to the Borneo Post during the Malaysian Timber Conference.

In 2017, Malaysia’s timber industry accounted for 1.7 per cent of the country’s Gross Domestic Product (GDP), bring in RM23.2 billion (US$5.57 billion).