New Zealand's increases its exports of logs

August 09, 2019
Source:
WW/Fordaq
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Rundholzexprt New Zealand June 2019For June 2019, New Zealand reports an 18% increase in its logs exports compared to the same month last year to $ 330.1 million (NZD). The lion's share of exports went to China with 80% or NZ $ 264.9. The export value has increased by 23% compared to the same month of the previous year, ie more than the total export. In second place is South Korea with an export value of NZD 25 million, which corresponds to 8%. Exports to South Korea have increased 1.3%. Right behind, India is overtaking. Although the export value in June of 24.7 million NZD is still slightly behind that of exports to South Korea, the increase over the same month of the previous year is 142%. In June 2018, the export value was only NZ $ 10.2 million.

From January to June, the value of New Zealand roundwood exports was around NZ $ 1.94 billion, with a similar distribution of countries as in June.

In the past twelve months (July 2018 - June 2019), exports amounted to around NZ $ 3.88 billion, 16% more than in the previous twelve months. China received 78% or more than NZ $ 3 billion, a 20% increase over the previous 12-month period. This is followed by South Korea with a share of 8.6%. The export value is NZD 333 million, 5% less than in the previous period. The share of exports to India in the twelve months to June 2019 is 6.8%. The export value of NZ $ 265 million has increased by 27% over the previous twelve months.

In the 12-month show, the gap between South Korea and India is greater than in June alone, but even in this longer-term perspective, India is expected to soon replace South Korea as the second largest destination for New Zealand roundwood.