STERLING, Va.-- U.S. imports of hardwood plywood have grown 45% year-to-date through May. However, this is lower than the 60% year-to-date growth through April, reports the Decorative Hardwoods Association.
Citing statistics from the U.S. International Trade Commission, the association found that May imports from Russia dropped to 26 million square feet from an average of more than 51 million square feet per month through April. The skyrocketing growth in imports from Vietnam also appears to have slowed somewhat in May, reaching 108% year-to-date, after surging to 183% year-to-date through April.
The association also reported that imports of engineered wood flooring have grown 31% by volume and 33% by value so far this year. The top sources of imports are now Vietnam and Cambodia, which have overtaken China. China faces significant tariffs.
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