Canada’s total forest products exports have grown once again, with export values rising in 2016 above 2015 values as the U.S. housing market continues its post-recession recovery.
- Canada’s forest products exports overall increased by 5.3% in 2016, reaching $34.4 billion from $32.6 billion in 2015.
- Softwood lumber exports rose by 17.4% from 2015 (to $9.97 billion in 2016), and wood panel exports increased by 21.6% (to $3.3 billion).
- Wood pulp exports fell by 6.1% from 2015 (to $7.2 billion in 2016), newsprint fell by 5.6% (to $2.2 billion), and printing and writing paper fell by 12.3% (to $2.2 billion).
By value, Canada is the fourth-largest forest product exporter in the world, behind U.S., China and Germany, and the leading exporter of softwood lumber and newsprint.
|Year||Softwood lumber||Newsprint||Printing and writing paper||Wood panels||Wood pulp||Other forest products|
Why is this indicator important?
- As one of the world’s largest forest products exporters, Canada is a key supplier to nations around the globe.
- Canada has an abundant and renewable supply of wood that is sustainably managed. By exporting forest products, the Canadian forest industry meets the needs of consumers around the world while contributing substantially to Canada’s economy and balance of trade.
What is the outlook?
- Newsprint and printing and writing paper exports are in a long-term decline as a result of the fastgrowing electronic media era. However, a weak Canadian dollar continues to support forest product exporters in other segments, especially in the U.S. market.
- Statistics Canada. Merchandise trade data (obtained via Global Trade Atlas). (accessed April 10, 2017).
- “Total all forest products” includes only HS Codes 44, 47 and 48.
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