US decreases 34.8 percent of log exports in January-May 2019
July 9, 2019
WASHINGTON (News release) -- U.S. log exports fell 34.8% y-o-y to 3.4 million m3 in first five months of 2019 with export value declined 28.8% to $798.0 million, according to USDA data. Average price for logs exported from U.S. surged 9.22% to $232 per m3.
From January through May, log exports from U.S. to China decreased 36.2% to 1.7 million m3, export value contracted 40.3% to $368.0 million. Log exports to Canada fell 52.7% to 633.1 thousand m3 while average price soared 118.7% to $228 per m3.
U.S. log exports to Vietnam jumped 39.8% to 110.1 thousand m3 with export value expanded 46.9% to $40.2 million.
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