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ITTO熱帯木材市場(TTM)レポートはITTO市場情報サービスの成果であり、国際熱帯木材取引の透明性を向上することを目的とし、英語にて二週間ごとに発行されます。熱帯木材市場レポートは世界中から400を超える熱帯木材や付加価値商品の価格、さらに市場傾向、取引ニュースをお届けします。

1-15 September 2010


Top story

ASEAN countries are the major timber product trade partners for China

Statistics from China Customs show that the value of China-ASEAN timber product trade reached US$9,380 million in the first half of 2010. Of the total, China’s imports were US$6,850 million and exports stood at US$2,530 million, implying a trade deficit of US$4,320.
In the first half year period, the member countries of the Association of Southeast Asian Nations (ASEAN) were the main timber product trade partners for China accounting for some 21% of the total value of China’s timber product trade, followed by the US with 15% (US$6,610 million), EU with 13% (US$6,050 million) and Japan with 6% (US$2,480 million).
In terms of growth, the value of China’s timber product trade with ASEAN grew 57%, with the US 42%, EU 34% and Japan 32% compared to the first half of 2009.


Also in this issue

  • Efforts to promote Gabon’s processing industry
  • Ghana exports improve during the first half of 2010
  • Appreciation of Malaysian Ringgit upsets furniture export forecast
  • Revision of regulations on illegal logging in Indonesia
  • Robust growth prospects for Indian building sectors
  • Forest concession plan in Pará
  • China the main export destination for Peruvian wood products
  • Strong Yen impacts log imports
  • European construction trends indicate mixed prospects for hardwood
  • European hardwood veneer market trends
  • North American economic updates

Data Snapshot


Indonesian prime interest rate and currency’s exchange rate Rupiah/US$

 

snap_20100901.gif

In early September, the Bank Indonesia announcedthat it will keep the primeinterest rate at 6.5%, unchanged since August 2009. However, the bank raised its primary bank reserve requirement in order to restrain inflation.
 
Following the announcement, the Rupiah continued to appreciate against the US dollar. This was unfavorable news for Indonesian timber exporters and exporters of handicrafts and furniture which have voiced concern about the competitiveness of exports due to an appreciating currency.
 
 


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