Indonesia: Exports of wood products reach US$11 billion

January 11, 2019
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The Ministry of Environment and Forestry (KLHK) has reported that Indonesia exported more than US$11 billion in wood products to the end of November 2018 and this could top US$12 billion by year end (up from about US$10.75 billion in 2017).

KLHK Secretary General, Bambang Hendroyono, said plywood exports could reach US$3 billion in 2019. The Industry Ministry reported the value of 2018 furniture exports to end October at US$1.4 billion, up by 4.83% over the same period in 2017.

On the other hand, Bisnis.com reports that Soewarni, Chair of the Indonesian Sawn and Woodworking Industry Association, expects exports in his sector to remain stagnant this year at about US$2.1 billion, blaming the unstable global enconomic environment and a shortage of suitable raw materials.