Myanmar experiences highest timber exports since log export ban

Myanmar’s trade deficit reached US$3.2 billion for the ninth month period – April to December 2016. The current trade deficit was slightly down from a year earlier.

Exports of wood products, at US$160 million, were the highest since the log export ban in April 2014. Although this is a small amount compared to exports from Myanmar’s neighbours, the growth since the log export ban is significant.

Major products exported are teak sawnwod and ‘mini’ decking used for luxury boats.

Source: ITTO