U.S. hardwood lumber exports to Asia were down 10% on the year through June. However, more than half of exporters reported improving sales to China in August, a marked turnaround from the steadily falling demand of the past year.
Sanctions on Russia and the fall in oil prices by over 50 percent in the world market have shaken Russian financial institutions, changing the outlook for production and exports of forest products in 2015.
U.S. Acting Secretary of Commerce Rebecca Blank today honored 57 U.S. companies and organizations that export goods or services at the 2013 President’s “E” Awards ceremony. This year marks the 51st anniversary of the “E” Awards, which recognize significant contributions to increasing American exports. Today’s set of honorees, many of which are small and medium-sized enterprises, was the largest group in three decades to receive this distinguished award.
Exportation of wood pellets from North America to Europe reached a new record of 3.2 million tons in 2012, with US exporters more than doubling their shipments, according to the North American Wood Fiber Review.