Market Information Service

Towards greater transparency in the tropical timber markets

The ITTO Tropical Timber Market (TTM) Report, an output of the ITTO Market Information Service (MIS), is published in English every two weeks with the aim of improving transparency in the international tropical timber market. The TTM provides market trends and trade news from around the world, as well as indicative prices for over 400 tropical timber and added-value products.



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$



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.

Download report