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June 3, 2019
EU tropical wood trade strong in the first quarter of 2019
The EU’s trade in tropical wood products was more buoyant in the first quarter this year compared to the same period in 2018. Total imports of all wood products (classified in HS Chapter 44) from tropical countries in the first quarter of 2019 were 525,000 MT, 9% more than the same period in 2018. Import value increased 17% to €561 million. This is surprising given that the wider economic situation in the EU is not particularly promising this year, the European Commission having recently downgraded GDP growth projections to only ...
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