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Starting from July 27, the United States imposed a 35% tariff on 570 items of goods imported from Russia, including minerals, chemicals, plastics, rubber, wood and paper, to expand economic and trade restrictions on Russia’s exports. Other countries such as Canada, New Zealand and the UK are understood to have imposed similar tariffs on Russian imports.

Since the Russia-Ukraine incident broke out at the end of February, Russia’s exports of wood and wood products began to show a downward trend and continued until the second quarter of this year. According to the White House, in the first half of this year, trade between the United States and Russia fell by nearly 90 percent compared with the same period in previous years.

After a number of European and American timber companies announced to withdraw their investment in Russian timber production plants, compared with the same period last year, Russia’s timber production declined in the first half of this year. Among them, the output of plywood and sawn timber has dropped significantly. The output of sawn timber in Russia was 12.2 million cubic meters; 931,000 tons of wood chips and wood pellets; 1.625 million cubic meters of plywood; 308 million square meters of fiberboard; 4.5 million cubic meters of particleboard; 183,000 square meters of wooden windows and frames.

Russia is the third largest source of U.S. hardwood plywood. In 2021, U.S. imports of hardwood plywood from Russia were worth $334 million. The imposition of a 35% tariff on Russian lumber this time may significantly reduce exports of wood to the United States, including plywood.

Russia’s export focus in the first half of this year is mainly Southeast Asia, the Middle East and Latin America. About 70% of Russia’s wood and wood products were delivered to Asia. Among them, from January to June, exports of plywood and particleboard from the Kostroma region to Southeast Asia increased by 30%.

The list of wood products where tariffs will be applied can be found here (HS code 44)

The post U.S. imposed a 35% tariff on Russian wood products appeared first on Timber Industry News.

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