NEWS RELEASE · 19th July 2011
Trade figures for May show the value of softwood lumber exported to China has surpassed the U.S., sending powerful signals
about the importance of the Asia Pacific markets for British Columbia's economy and job prospects.
B.C. lumber shipments to China in May 2011 were valued at $122 million compared to the U.S. at $119 million.
May was a record-breaking month for B.C. softwood lumber exports to china with 746,000 cubic metres exported. From January to May, B.C. exported 2.8 million cubic metres to China, up over double from lastyear in both volume and value.
Year-to-date, the value of B.C.'s softwood lumber exports to all Asian destinations has now surpassed the total value of shipments to the U.S.
The Province and the forest industry have been working together since 2003 to diversify the market for B.C. forest products by expanding into China.
Minister of Jobs, Tourism and Innovation, Pat Bell - "For the first time ever, the China market has surpassed the U.S. in value. This is the result of years of hard work by the provincial government and industry. In only five months, we've shipped the equivalent of over 76,000 containers of wood to China - the equivalent production of approximately 14 typical Interior sawmills over this period. These shipments represent family-supporting jobs across the province and the continued success of our rural B.C. communities."
Minister of Forests, Lands and Natural Resource Operations, Steve Thomson - "We continue to see staggering growth in the amount of wood we export to China, so I'm not surprised that in May we shattered another record for lumber exports to the world's fastest growing economy. This is great news for British Columbians who depend on the forest sector for jobs that support their families."
-B.C. lumber shipments to China in May 2011 were the largest monthly volumes ever, reaching 746,000 cubic metres of softwood lumber valued at $122 million and surpassing shipments to the U.S. of $119 million. This was up 157 per cent by volume over the same month last year (172 per cent by value).
-Value of B.C.'s softwood lumber exports to all Asian destinations in the first five months of 2011 - $776 million or 49.5 per cent of the total value of lumber exports year-to-date.
-Value of B.C.'s softwood lumber exports to the U.S. in the first five months of 2011 - $661 million or 42 per cent of the total value of lumber exports year-to-date.
-B.C.'s softwood lumber exports to China (including Hong Kong) of 2.8 million cubic metres from January to May are the equivalent of approximately 76,000 containers measured in 20-foot equivalent units or "TEUs".
-During the same five-month period in 2010, B.C. sales to Asia amounted to $464 million (32 per cent of total lumber exports), while shipments to the U.S. were $815 million (58 per cent of total sales).
lost job`s to the northwest
Comment by richard on 19th July 2011
export our work with the volune of RAW Loggs, Thanx`s to the liberals. lie`s ,lies and more. a thankyou you to Kristy Clark and Pat Bell .Off shore investers own the tree farm lisences,oil and gas rights power produces,don`t forget the millions of tax dollars spent to explore the minerals here in b.c.. sold to the mul-million dollar minning Corps for a faction of the true value. that`s alot of deals don`t.not much left over ,water but your paying for bottled water now.. when it gone,quit your whinning,your a little to dam late to start think of it now.you snooze ,you lose! We all lose,cause some dam goverment thinks they can save us.A sinking ship. the strong will survive. Cooked books to hide the Bul-____.who the hell cares any more..just a thought of the less unfortunate,good luck!