Lumber, plywood export surge in January 2018
The country’s export receipts on forest products grew 83.2 percent in January from year-ago figures, with lumber and plywood shipments mainly accounting for the gain.
The Philippine Statistics Authority (PSA) said forest exports totaled $17.89 million in January 2018, nearly double the $9.76 million registered in 2017.
Outbound lumber shipment receipts in January 2018 reached $8.77 million, almost 45-percent higher than January 2017’s $6.06 million.
The PSA said plywood receipts in January this year reached $8.06 million, surpassing by 190.5 percent last year’s $2.77 million in the same month.
Receipts on other forest products for January likewise rose 13.4 percent to $1.05 million in 2018 from $0.92 million in 2017.
Outbound shipment of forest products helped bring the country’s total January receipts to $5.22 billion, latest PSA report showed. (PNA)