Wood products trade between China and Australia rose 17 per cent to US$1.6 Bn in 1H/2017, compared to the same period in 2016.
Of the total, imports from Australia grew 23 per cent to US$790 million. The value of log and waste paper imports rose 47 per cent and 41 per cent respectively.
The value of China’s wood products exports to Australia increased 12 per cent to US$890 Mn. The value of China’s plywood exports to Australia grew 36 per cent. Over half of China’s wood product exports to Australia were wooden furniture and seats, with such value jumping 11 per cent to US$466 Mn.
Wood chips and log imports from Australia were up four per cent to 1.93 million tonnes and 28 per cent to 2.25 million cubic metres respectively. Plywood grew 34 per cent to 74,000 cbm. Other products imported were fibreboard and paper products.