New Zealand log exports to China expand 27.2% in 2Q 2019
Log exports from New Zealand to China expanded 27.2% y-o-y in second quarter of 2019 to 4.7 million m3 with export value surged 20.3% to $524.6 million, according to Stats NZ. Share of China in New Zealand log exports gained 7.9 pp to 78.8%.
Log exports from New Zealand to Korea rocketed 10.2% to 491.6 thousand m3, export value was up 11.8% to $54.2 million. Log exports to India soared 53.0% to 375.0 thousand m3 with export value jumped 53.4% to $42.5 million.
In second quarter of 2019, total log exports from New Zealand expanded 14.4% to 6.0 million m3, export value surged 8.9% to $666.1 million.
Source: Lesprom Network