ID :
169242
Fri, 03/18/2011 - 13:47
Auther :
Shortlink :
https://oananews.org//node/169242
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MALAYSIAN TIMBER EXPORTS TO HIT US$7.66 BLN IN 2011
MELAKA (Malaysia), March 18 (Bernama) -- Exports of Malaysian timber are expected to reach RM23 billion (US$7.66 billion) this year compared with RM20.52 billion (US$6.84 billion)in 2010, Deputy Plantation Industries and Commodities Minister Hamzah Zainudin said Friday.
He said statistics for 2009 showed Japan was the country's biggest market with 19 per cent of total exports, followed by United States (12.2 per cent), India (6.85 per cent), Korea (5.85 per cent), United Kingdom (4.65 per cent), Taiwan (4.30 per cent) and Australia (4.11 per cent).
Speaking to reporters after the opening of a RM5 million (US$1.6
million)furniture centre called Rumah Melaka (Melaka House) by Chief Minister Mohd Ali Rustam here, he said exports could be enhanced further by adding value to the products especially furniture.
Nevertheless, he said, the timber and furniture industries should not depend solely on the export market to drive growth.
"The local market has the potential to create a double impression and mitigate challenges stemming from market uncertainty at the international level," he said.
Domestic use of timber was estimated at RM24 billion (US$8 billion)annually with the construction sector being the largest contributor.
He said statistics for 2009 showed Japan was the country's biggest market with 19 per cent of total exports, followed by United States (12.2 per cent), India (6.85 per cent), Korea (5.85 per cent), United Kingdom (4.65 per cent), Taiwan (4.30 per cent) and Australia (4.11 per cent).
Speaking to reporters after the opening of a RM5 million (US$1.6
million)furniture centre called Rumah Melaka (Melaka House) by Chief Minister Mohd Ali Rustam here, he said exports could be enhanced further by adding value to the products especially furniture.
Nevertheless, he said, the timber and furniture industries should not depend solely on the export market to drive growth.
"The local market has the potential to create a double impression and mitigate challenges stemming from market uncertainty at the international level," he said.
Domestic use of timber was estimated at RM24 billion (US$8 billion)annually with the construction sector being the largest contributor.
