Brazilian Exports of Wood Products Decline Further in June 2020

The International Tropical Timber Organization (ITTO) is reporting that Brazilian exports of wood products (with the exception of pulp and paper) declined -8.5% year-over-year in June 2020. Decreasing from $237.0 million USD in June 2019 to $216.9 million in June 2020.  Year-over-year the value of June 2020 pine sawn wood exports fell -13.5% or from $44.4 million USD in June 2019 to $ 38.4 million in June 2020. The disheartening news continued with pine plywood exports which fell -11.5% in value in June 2020 when compared to June 2019. In terms of dollars the decline was from $39.3 million USD in June 2019, to $34.8 million in June 2020. The decline in tropical plywood was even greater and export volumes fell -48% and export values fell by 45%. Adding to the decline was a -14% decline in wooden furniture exports in June, $ 44.3 million USD in June 2019 to $38.1 million in June 2020.