STERLING, Va. — The Decorative Hardwoods Association reported that U.S. imports of hardwood plywood increased by more than 58% in volume and more than 33% in value so far through May of this year.
The DHA noted that Vietnam and Indonesia are the largest sources. The U.S. imported nearly 300 million square feet from Vietnam from January through May, which DHA called a “staggering increase of 191%.” Imports from Indonesia have already reached more than 279 million square feet, an increase of almost 50%.
The DHA helped organize the Coalition for Fair Trade of Hardwood Plywood. The coalition was formed to combat U.S. imports of hardwood plywood that it deems violate fair trade laws. Last July, the coalition scored its most recent victory when the U.S. Department of Commerce ruled that hardwood plywood exported from Vietnam using hardwood plywood inputs sourced from China is a product of China.
Have something to say? Share your thoughts with us in the comments below.