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.


 

 

16-30 November 2017

Top story


ITTO’s 2017 Annual Market Discussion

Improving the investment climate offers an opportunity for countries seeking to expand the manufacture of wood-based added value products. When decisions are made on investment availability of natural resources and labour rank well below issues such as institutional and regulatory quality, trade openness, infrastructure quality and economic and political stability.   Speakers at the 2017 ITTO Annual Market Discussion shared experiences on investing in tropical timber industries and tropical forestry in SE Asia, East and West Africa and Latin America.


Also in this issue

  • Dull market for African timber still finely balanced
  • Investors promised litigation-free land for plantations in Ghana
  • Indonesian furniture industry weighed down by regulations and inadequate raw material supply
  • Indonesia to allow plantation log exports
  • European plywood gaining a foothold in India
  • President of Peru addresses ITTC
  • Value of global hardwood trade static at US$35 billion
  • Africa expected to become a net wood importer 

             

 

Data snapshot
 

What Are Indonesia's Top Foreign Exchange Earners?



 

Indonesia’s foreign exchange earners
Foreign exchange earnings are important assets for every nation and it is interesting see which goods and services function as key foreign exchange earners for Indonesia, In 2017 palm oil and oil and gas feature prominently. Furniture exports contributed around 3% of earnings.   Exports of the items in the graphic above help boost Indonesia's trade balance and recently Indonesia’s foreign exchange reserves hit an all-time record high of US$ $130 billion.   See https://www.indonesia-investments.com/finance/financial-columns/what-are-indonesia-s-top-foreign-exchange-earners/item8350

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