June 29, 2022

How important is the American wood products industry?

In a recent message from the National Hardwood Lumber Association encouraging member companies to contact representatives in Washington regarding the tariff situation, the NHLA passed on this information from the Hardwood Federation on the importance of the wood products industry to the United States. United.

The US wood products industry is a significant contributor to the US economy, accounting for approximately 4% of total US manufacturing GDP.

Wood products companies are among the top ten manufacturing employers in 47 states, producing $210 billion worth of products annually.

The industry employs nearly 900,000 people; more than the automotive, chemical and plastics industries. Many of them are in rural areas where job opportunities are limited.

Hardwood is an important sub-sector of the wood products industry and is highly dependent on export markets for its survival.

In 2017, American hardwood producers shipped $4.04 billion worth of American products to world markets; $2.09 billion to Greater China, including Hong Kong and Macau.

Together, China, NAFTA countries and the EU account for 82% of hardwood exports. Reliable, long-term export markets are essential to the sustainability of the hardwood industry.

In 2017, the United States had a trade surplus of $1.475 billion in hardwood lumber, up from $1.1 billion in 2015.

It is vital that markets remain open for these companies and the men and women they employ. To see http://hardwoodfederation.com,

http://nhla.com