Malaysia wood-based exports to rise 7% in 2016

Malaysia’s wood products export is expected to increase 7% to RM24 billion (approx. US$5.9 billion) this year.

Malaysian Timber Industry Board (MITB) Director General Dr Jalaluddin Harun said higher international sales will be driven by developments in Qatar, Iran, USA, EU, India and Australia.

In 2015, the total value of Malaysian wood product exports increased 6.4% year-on-year to RM22.14 billion; wooden furniture exports rising to RM7.3 billion from RM6.4 billion in 2014.

 

Source: ITTO