Daily News / Global Trends / Market Analysis / Forestry / Lumber / Sawmilling / Statistics / Wood Products / Asia & Middle East / Global
March 10, 2021

2020 Malaysian timber industry performance

2020 Malaysian timber industry performance
The Malaysian Timber Industry Board (MTIB) has reported last year’s performance of the timber sector. Exports were RM 22.02 bil (RM 22.50 bil in 2019) while total imports were RM 6.81 bil (RM 5.95 bil in 2019).  Timber exports contributed 2.2% of the country’s overall exports of RM 980.99 bil. The workforce in the forestry sector was estimated at 140,000 of which 55% are estimated to be foreign and 45% local. Annual investment data are available only for 2019 showing domestic investments were RM 479.88 mil and foreign ...

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