BUSINESS

Sarawak's timber export value rising 

01/12/2022 11:37 AM

KUCHING, Dec 1 (Bernama) -- The export value of Sarawak’s timber industry has increased by 4.5 per cent to RM3.05 billion in the third quarter of 2022 (Q3 2022) from RM2.92 billion in Q3 2021.

Sarawak Deputy Premier,  Datuk Amar Awang Tengah Ali Hasan said Japan remained as the biggest importer of Sarawak timber, accounting for 62 per cent or RM1.88 billion of its total export value during the quarter.

“Other major importers are India (RM357 million), the Middle East (RM134 million), China (RM131 million) and Taiwan (RM117 million).

“In terms of products, plywood’s export value had increased by 2.5 per cent year-on-year to RM1.67 billion in Q3 2022 from RM1.63 billion previously,” he said during the winding-up session of the State Legislative Assembly on the state’s Budget 2023.

Meanwhile, Awang Tengah, who is also Sarawak’s Minister of Natural Resources and Urban Development II said the state government remains committed to boosting the export value by encouraging the production of more added-value products such as furniture and intensifying research and development (R&D) efforts.

He added that through the Post-COVID-19 Development Strategy (PCDS) 2030, the Sarawak government is committed to increasing the export value of timber products to RM8 billion a year by 2030.

“This export target focuses on the production of high value-added products such as furniture, engineered wood products, glulam (glued laminated wood) and bamboo-based products, as well as intensifying R&D efforts," he said.

-- BERNAMA

 


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