Forest Products
U.S. Forest Products Exports in 2024
Total Export Value
$9.51 Billion
3-Year Average
$9.78 Billion
Compound Average Growth
0.81% (2015-2024)
| Market | Total Value (USD) |
|---|---|
| Canada | $2.23 Billion |
| United Kingdom | $1.63 Billion |
| China | $1.62 Billion |
| European Union | $939.82 Million |
| Mexico | $853.24 Million |
| Japan | $726.21 Million |
| Vietnam | $350.19 Million |
| Dominican Republic | $106.66 Million |
| India | $93.76 Million |
| Bahamas, The | $82.45 Million |
Data and Analysis
On March 31, 2025, the Government of Vietnam (GVN) issued Decree 73/2025/ND-CP, reducing the Most-Favored-Nation (MFN) import tariff rates on corn, soybean meal, ethanol, frozen chicken drumsticks, in-shell pistachios, almonds, fresh apples, cherries, and raisins. The decree takes effect immediately.
On March 4, 2025, the General Administration of Customs of China (GACC) announced it was suspending processing imports of U.S. logs. GACC stated that these suspensions were in response to recent detections of forest pests such as bark beetles and longhorn beetles in U.S. shipments.
The United Kingdom (UK) is the largest consumer of wood pellets, globally. UK wood pellet regulations have not significantly diverged from the European Union (EU) following Brexit.
News and Features
The USDA quarterly trade forecast released August 26 projects FY 2021 and 2022 U.S. farm exports at record levels.