Sarawak’s 1Q timber export earnings registers RM1.4b

BernamaFriday, May 19, 2017

Sarawak’s total export earnings from timber and timber products registered RM1.42 billion for the first three months this year. 

Deputy Chief Minister Datuk Amar Awang Tengah Ali Hasan, who is also Second Minister for Urban Development and Natural Resources said, the tight supply of logs at home and uncertain markets, continued to impact the export of timber from the state. 

Abang Johari (second from right) inspecting the timber species after officiating the 3rd Sarawak Timber and SMEs expo 2017 at the BCCK yesterday (Pic: Bernama)

He said plywood, logs, sawn timber and medium density fibreboard were the major export products. 

“Japan remains the largest buyer of timber and timber products from Sarawak in accounting for 42% or RM592 million of the overall export earnings, followed by India 15% (RM213 million), South Korea 10% (RM146 mil- lion) and the Middle East at 8% (RM112 million),” he added. 

He said this in his speech at the opening of the Third Sarawak Timber and SMEs Expo 2017 at the Borneo Convention Centre Kuching (BCCK) yesterday. 

The event was officiated by Chief Minister Datuk Amar Abang Johari Tun Openg. 

Awang Tengah said Sarawak’s export of wooden furniture had registered an increase of 5% to RM11.16 million in the first-quarter (1Q) of this year from RM10.66 million in the same period of 2016. 

“This positive trend augurs well for future growth and Sarawak’s furniture exports,” he added. — Bernama 

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