Weak demand affects Sarawak export performance

In the first quarter of 2016, export performance of Sarawak’s wood products declined by around 2% to RM1.62 billion as compared to RM1.65 billion during the same period in 2015.

According to the Minister, this was due to a lack in global demand. The decline was most obvious in the main importing countries such as Japan, Taiwan P.o.C, China, Thailand and Middle East countries. Plywood exports, the main wood product exported from Sarawak, fell in value to almost 14% to RM791.5 million. In view of this, the Minister said the state government was considering measures to support exporters such as strong promotion of the Sarawak Timber Legality Verification System (STLVS) to drive international recognition.

Source: ITTO