U.S. Imports Of Russian Hardwood Plywood Continue To Grow
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Despite the Russia-Ukraine war and subsequent tariffs, imports of Russian hardwood plywood grew by 44% in the first four months of this year vs. the same period last year. In April, imports directly from Russia appeared to have slowed a bit after the U.S. imposed tariffs, but imports of birch plywood from Vietnam grew by 206% to 427 million square feet. Russia is a likely source for a substantial amount of the imports of birch plywood from Vietnam.