China's Total Forest Product Exports Were Valued at US$31.5bn

China's total forest product exports were valued at US$31.5bn in the first nine months of 2011, according to the International Tropical Timber Organisation's latest market report. The total was up 17% on a year ago, with wooden furniture making up the biggest area, worth US$12.4bn, 32% of which went to the US. The UK was the third largest destination, with imports worth US$664m. China exported 7.25 million m³ Of plywood during the period, worth US$3.2m – a 28% rise on a year ago. The US, Japan and the UK were again the three largest importers with a 14%, 9% and 7% share respectively. Solid wood flooring exports totalled 297, 300 tonnes, valued at US$465.2m – down 9% in volume and 7% in value. Sawn timber shipments were worth US$280.3m, up 3% in volume and 9% in value. Source: ttjonline.com