Malaysia’s Timber Export Rose To RM9.75 Billion

Kuala Lumpur, Malaysia: Malaysia’s timber and timber product exports rose 6.76 per cent to RM9.75 billion in the first five months of this year compared with the same period a year ago, Plantation Industries and Commodities Minister Datuk Seri Mah Siew Keong said, as reported by BorneoPost.

He added that the timber industry was one of the major contributors to the nation’s export earnings, recording between RM20 billion and RM22 billion in revenue annually over the past 10 years.

Furniture dominated the export earnings for the first five months of this year at RM3.28 billion followed by plywood (RM1.96 billion) and sawn timber (RM1.6 billion).

Mr Mah also urged timber industry players to embrace the fourth industrial revolution (industry 4.0) initiative undertaken by the government by integrating the principles of the industry into business.

 

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