Myanmar: Timber export earnings well down on previous years

U Khin Maung Kyi, the Deputy Permanent Secretary of Ministry of Natural Resources and Environmental Conservation, has been quoted as saying income from timber exports and domestic trade will exceed the US$90 mil. in fiscal 2017-18 target which ends 31 March 2018.

This represents a considerable decline from past years.

The value of wood product exports before the 2014 log export ban averaged over US$500 million annually. In fiscal 2013-14 exports were close to US$1 billion according to Ministry of Commerce data. In the following year exports declined to just US$93 million. Between April and December 2017 timber export were said to be around US$162 million.

In the latest projected export earnings from the Ministry it is not clear whether US$90 million is MTE earnings from log sales to the Industry or the export value since the Ministry of Commerce has reported earnings of US$162 million for the first nine months of 2017.

Source: IHB

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