BC Forest Products Exports Jan – July 2018: Values Up, Volumes Down

This week the Economic Services Branch of the British Columbia Ministry of Forests, Lands, Natural Resource Operations and Rural Development released both the annual Economic State of B.C.’s Forest Sector for 2017 and the latest data on BC forest products exports, for January to July 2018:

2017 Economic State of the British Columbia Forest Sector

https://www2.gov.bc.ca/assets/gov/farming-natural-resources-and-industry/forestry/forest-industry-economics/economic-state/2017_economic_state_of_bc_forest_sector-with_appendix.pdf

British Columbia Forest Product Exports: July 2018

https://www2.gov.bc.ca/assets/gov/farming-natural-resources-and-industry/forestry/forest-industry-economics/forest-product-exports/bc_forest_export_report-july_2018.pdf

Highlights for Year-to-Date (YTD)

• B.C. total forestry export values are up +8.3% for 2018 YTD July compared to the same period in 2017 ($8.90 billion vs. $8.22).

• Lumber value is up +1% but volumes are down -7%.
• Pulp export value is up +31%.
• The value of Other Wood Products is up slightly +6%, and so is the value of Other Paper Products +4%.

• In terms of value by destination the value to the United States is now up +3%, while that to China (+8%), Japan (+23%), and Other countries are up (+18%).

SOURCE: Economic Services Branch, Ministry of Forests, Lands, Natural Resource Operations and Rural Development

B.C. Forest Product Exports VALUES – January to July 2018

B.C. Forest Product Exports VOLUMES – January to July 2018