New Shifts In Imports Of Wood Flooring

U.S. imports of multilayered wood flooring are up by 30% in volume and 32% in value in the first six months of this year vs. the same period last year. Now, Vietnam and Cambodia are the two largest sources of U.S. flooring imports. China has dropped from first to third place.

 

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U.S. Imports Of Hardwood Plywood Grow By 37%

Total U.S. imports of hardwood plywood grew by 37% in volume and nearly 77% in value from January through June, as compared to the same period last year. Indonesia is the number one source of U.S. imports, with volume up by nearly 41%. Vietnam was the second largest source, with imports soaring an astounding 93% in volume. Russia is still the third largest source, with volume up by about 2%.

 

Chart © U.S. International Trade Commission
 

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Forest Quiz: Test Your Knowledge

Which types of trees absorb the most carbon?

 

Answer: Trees with large trunks and dense wood with large leaves and wide crowns.

 

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Single Earth: Which Trees Absorb the Most Carbon and Why?

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U.S. Cuts Canadian Lumber Tariffs

The Department of Commerce, in its third annual review of softwood lumber imports from Canada, lowered the tariffs from 17.99% to 8.59%. NAHB and other homebuilding associations have been pushing for reductions in tariffs to support more affordable housing.

 

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Builder Online: Canadian Lumber Tariffs Cut By Half

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China's Imports Of Logs, Lumber Plunge By 50%

China's imports of logs and lumber dropped by 50% between Q4 2021 and Q1 2022. China's weak economy in Q1 was due to COVID-related shutdowns. Imports from Russia to China fell significantly, from 800,000 cubic meters in Q4 to a paltry 80,000 cubic meters in Q1.

 

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