Softwood lumber exports from British Columbia to global markets dropped by 25 per cent in terms of value in 2019 compared to 2018. (THE CANADIAN PRESS/Jonathan Hayward)

Value of B.C. exports down 6.4 per cent in 2019 compared to 2018

Slumping sales for various wood related products accounted for the drop

Slumping exports of various wood products accounted for a significant drop in provincial exports in 2019 compared to 2018.

Exports originating from British Columbia dropped 6.4 per cent in value in 2019 compared to 2018, according to B.C. Statistics.

Softwood lumber exports dropped 25.7 per cent due to a combination of U.S. tariffs as well as falling demand. Solid wood products slumped 20.0 per cent in 2019. Shipments of logs (minus 10.7 per cent), softwood plywood and veneer (minus 19.1 per cent), other panel products (minus 19.3 per cent), cedar shakes and shingles (minus 3.9 per cent) and “other” solid wood products (minus three per cent).

RELATED: MLA Adam Olsen calls for ‘substantial’ changes in provincial economy

RELATED: COLUMN: And now the bad news about B.C.’s economy

“Elsewhere in the forest sector, there was also a 20 per cent drop in the value of shipments of pulp and paper products,” reads an accompanying analysis. “Exports of pulp plunged 22.2 per cent, while there were also drops in shipments of newsprint (minus 6.2 per cent), other paper and paperboard (minus 13.1 per cent) and other pulp and paper products (minus 11 per cent).

Meanwhile, shipments of energy (2.3 per cent), agriculture and food products (8.6 per cent) and fish products (1.7 per cent) rose, along with exports of machinery and equipment (6.5 per cent).

All major foreign markets imported fewer products from British Columbia by value, including United States (minus 2.8 per cent), Mainland China (minus 3.6 per cent), Japan (minus 12.9 per cent), South Korea (minus 11.8 per cent), the European Union (minus 13.2 per cent), India (minus 0.2 per cent) and Taiwan (minus 13.7).


Like us on Facebook and follow @wolfgang_depner

wolfgang.depner@peninsulanewsreview.com

softwood lumber

Just Posted

Oak Bay sailor stranded in U.S. hospital after suffering massive stroke at sea

Glenn Wakefield’s rescue involved five airplanes and took more than 48 hours

Nanaimo RCMP shut down illegal racing and stunt driving site at Duke Point

Police “swoop in” to seize vehicles and issue violation tickets

First storm of the season expected to hit Vancouver Island tonight

Environment Canada has issued a storm warning with wind, and rain that could last into the weekend

RCMP: Trio arrested, firearms seized after report of shots fired in rural Qualicum Beach

Police say search also found evidence of large-scale drug operation

Sandstone project could transform southern face of Nanaimo

Seacliff Properties touting 3,000 homes, new commercial and industrial districts

B.C. reports 96 new COVID-19 cases, one hospital outbreak

61 people in hospital as summer ends with election

Nanaimo-North Cowichan MLA Doug Routley seeks reelection

Routley has served as MLA for the area since 2005.

BC Liberals must change gears from election cynicism, focus on the issues: UBC professors

COVID-19 response and recovery is likely to dominate platforms

B.C. could be without a new leader for multiple weeks after Election Day: officials

More than 20K mail-in voting packages were requested within a day of B.C. election being called

B.C. ELECTION: Island MLA Adam Olsen says NDP is sacrificing health for politics

Olsen acknowledges situation of a snap election is not ideal for BC Greens,

Babchuk nominated as NDP candidate

Seeks to replace outgoing MLA Claire Trevena

VicPD seeking help in recovering stolen scooter of B.C. Special Olympics athlete

The scooter was stolen from outside Hillside Mall on Sept.21

Survey to gauge interest in connecting Cowichan to Nanaimo by bus

People can fill out the survey until Oct. 16.

Canada West Golf Championships cancelled due to COVID-19 travel restrictions

UBC, UBC-O, UFV and UVic athletes will not hit the links this year, Kelowna was set to host

Most Read