Forest Products
U.S. Forest Products Exports in 2023
Total Export Value
$9.19 Billion
3-Year Average
$9.56 Billion
Compound Average Growth
-0.3% (2014-2023)
| Market | Total Value (USD) |
|---|---|
| Canada | $2.33 Billion |
| China | $1.48 Billion |
| United Kingdom | $1.26 Billion |
| Mexico | $977.02 Million |
| European Union | $944.24 Million |
| Japan | $824.75 Million |
| Vietnam | $252.87 Million |
| Dominican Republic | $106.53 Million |
| Turkey | $89.28 Million |
| Bahamas, The | $83.84 Million |
Data and Analysis
Wood consumption is expected to recover slightly in 2024 compared to 2023. In 2023, the value of wood product imports declined 19 percent from 2022, the lowest import value in the past ten years.
MMT), the first reduction since 2015. This drop is caused by a mild winter and a reduced demand from the commercial power sector. Current low prices, combined with government incentives, are forecast to support the popularity of biomass for residential heating in 2024.
India’s annual import of logs, lumber, and wood products has increased from $630 million to $2.3 billion over the past two decades, with U.S. market share reaching a record high $84 million in 2023.
News and Features
Secretary Vilsack announced today that USDA is allocating $300 million to 66 U.S. organizations to build demand for American food and farm exports in high-potential markets around the globe.
Throughout 2021, FAS was proud to support USDA's efforts to create more and better markets for U.S. agriculture, to address the climate crisis, and to promote nutrition and food security.
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