U.S. log exports increases 12.5% to 4.29 million m3 in first four months of 2018

U.S. log exports reached 4.29 million m3 through April, up 12.5% from the first four months of 2017, according to the USDA data. The value of exports increased 18.2% vs. year-ago figures to $913.9 million, and the average export price gained 5.0% to $213 per cubic meter.

In January-April 2018, the U.S. log exports to China increased 19.5% to 2.17 million m3, and the average price for U.S logs in China up 3.6% to $236 per cubic meter. The log exports to Canada was up 4.5% to 1.10 million m3, average price up 6.7% to $101 per cubic meter. Exports to Japan gained 4.5% to 645.14 thousand m3, and average price jumped 16.0% to $256 per m3.