In the first quarter of 2018, U.S. hardwood lumber exports continued to grow in volume and value, according to U.S. Department of Agriculture (FAS) calculations. The increase in white oak and walnut exports to Asia made an important contribution to the total export volume, which increased slightly to 1,073,000 cubic meters, while the total increased significantly by up to 4% to $652.9 million.
In East Asia, sales volumes rose by 2% to 609,795 cubic meters. Exports of hardwood lumber were valued at $398 million, up 6 percent from last year. East Asia's white oak exports increased by 18% to 74,615 m3, and exports rose 21% to US$52.3 million, both above average.
The situation is more pronounced for walnuts and also reflects price increases from U.S. suppliers who have been holding out for some time. Exports to East Asia increased by 12% to 26,167 m3 in volume and 27% in value to $39.4 million due to higher prices.
The above-average growth was also reflected in Western red alder, with exports increasing by 13% to 42,911 cubic meters and valued at $17.3 million. Exports of cherry wood to East Asia, at 42,541 cubic meters, increased by 3% to $36.1 million, despite a record 4% drop.