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20. Romania
Export Volume: $2.04 Billion
One of the largest exporters of timber is Romania.
It has old-growth forests in abundance which are
now under the threat of legal and illegal logging.
A large portion of the overall forestry is subject to
illegal logging. Most of the timber is exported to
Italy, the US, and China. In 2021, the country
exported timber worth $2.04 billion.
19. India
Export Volume: $2.05 Billion
India is one of the largest producers of tropical wood in the world. The
United States, China, and Nepal are among its top export destinations.
However, the country’s exports are affected by unsustainable forestry and
illegal logging. In 2021, India exported $2.05 billion worth of timber.
18. Uruguay
Export Volume: $2.3 Billion
Another top timber exporter is Uruguay. It is known for its native forests.
Eucalyptus, pine, blackwood, and hybrid poplar are suitable for timber
plantations in this region. The country exported timber worth $2.3 billion
in 2021.
17. Latvia
Export Volume: $2.4 Billion
A large part of Latvia is covered with forests, making it a potential timber
market. The country’s largest industry is timber processing. It exports to the
UK, Germany, and Sweden. In 2021, Latvia exported timber worth $2.4
billion.
16. Malaysia
Export Volume:$2.5 Billion
The Malaysian timber market has managed to stay vibrant. Plywood, sawn
wood, and furniture are exported from Malaysia to Japan, the US,
Singapore, and India. In 2021, Malaysia exported timber worth $2.5 billion,
thereby becoming one of the largest exporters of timber in the world.
15. Portugal
Export Volumes: $2.9 Billion
Another significant exporter of timber is Portugal. It has a sustainable wood
sector, having an abundance of forests. The most common plantation is of
Eucalyptus. The country exported $2.9 billion worth of timber in 2021.
Some notable timber stocks to look up include UFP Industries, Inc.
(NASDAQ:UFPI), Boise Cascade Company (NYSE:BCC), Weyerhaeuser
Company (NYSE:WY), and Jewett Cameron Trading Co (NASDAQ:JCTCF).
14. The Czech Republic
Export Volume: $3 Billion
One of the most forested countries in Europe, The Czech Republic, is
one of the important timber producers in the world. It exchanges
timber with countries like China, Austria, Romania, and Slovakia. The
country exported timber worth $3 billion in 2021.
13. Thailand
Export Volume: $3.5 Billion
Another leading timber exporter is Thailand. Often, para rubber wood or
imported logs here are used as an alternative to banned hardwood logging, as
a result of deforestation. In 2021, the country exported $3.5 billion worth of
timber.
12. Chile
Export Volume: $4.5 Billion
One of the leading timber exporters in the world is Chile. An extensive
part of the country is filled with native forests. It exports timber to the US,
China, Japan and Mexico. In 2021, Chile exported $4.5 billion worth of
timber.
11. New Zealand
Export Volume: $4.8 Billion
Forestry is a key sector in New Zealand’s economy, making it the eleventh-
largest export of timber in the world. Top export destinations for New
Zealand include China, Japan, Korea and Australia. It exported $4.8 billion
worth of timber in 2021.
10. France
Export Volume: $6.9 Billion
Another top timber exporter is France. It exports sawn timber, veneer,
plywood, joinery, and paper products to countries such as Spain, Italy,
and the United States. In 2021, the country exported timber worth $6.9
billion.
9. Austria
Export Volume: $7.7 Billion
The timber market in Austria is flourishing. The country has one of the
highest shares of forests in Europe. Italy, Germany, The Czech Republic
and the UK are among Austria’s export destinations. Austria exported
timber worth $7.7 billion in 2021.
8. Russia
Export Volume: $10 Billion
Russia is one of the largest suppliers of timber in the world. Russia has
been redirecting its timber to Middle Eastern and North African countries
due to sanctions on trade from the West after its Ukrainian invasion. It is
one of the largest producers of industrial roundwood. In 2021, the country
exported $10 billion worth of timber.
Companies that dominate the timber industry include UFP Industries, Inc.
(NASDAQ:UFPI), Boise Cascade Company (NYSE:BCC), Weyerhaeuser
Company (NYSE:WY), and Jewett Cameron Trading Co (NASDAQ:JCTCF).
. Brazil
Export Volume: $11.2 Billion
Brazil exports plywood, joinery, furniture, pulp
and paper, and sawn wood around the world.
A major portion of the country is covered with
forests It is the seventh largest exporter of
timber, supplying timber worth $11.2 billion in
2021.
6. Finland