It is reported that although the housing market and construction market in the United States are still sluggish, the increase in timber exports to China has eased the impact of the economic crisis on these two markets. The wood industry in the United States has become one of the “surprising†highlights of the U.S. economy.
According to the report, the U.S. timber exports to China reached 270 million U.S. dollars in 2010, which is more than double the export value in 2009. This also made China more than Japan and Canada become the largest US timber export market. According to industry sources in the US timber industry, US timber exports to Japan increased by 15% last year, but by comparison, exports to China increased by about 300%.
Most of the objects of US timber exports to China are large-scale private timber companies in China, and most of the wood comes from private forests in the Pacific Northwest of the United States. Logs were transported to the port of Olympia for shipping, and dozens of jobs can be created in the process. In Washington, USA, the surge in timber export trade has also made an important contribution to local public taxation. “This (tax) will be used for school construction and used to pay for (students’) university tuition.â€
However, the report also pointed out that not everyone is "celebrating for this purpose." As China “opens its purseâ€, the price of wood is not only unstable but even rising. This also means that wood processors in the United States have to buy logs at higher prices, and the reduction in the number of housing construction further causes them to lose their profits, which also causes some processors to choose to change or close the doors. Some American lumber sellers said: “The problem that logellers have to face is that they very much want to continue their business, but China’s impact on raw material prices makes them unprofitable.â€
The report also pointed out that analysts expect that as long as the Russian timber export tariffs remain unchanged, the US timber exports to China will continue to increase.
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