What’s the story with November 2024 Southern Pine exports?

The Southern Forest Products Association
January 29, 2025
Category: Finance & Economics
Region: United States, US East

November 2024 Southern Pine exports (treated and untreated) are running 10% ahead of 2023 year-to-date, according to November 2024 data from the USDA’s Foreign Agriculture Services’ Global Agricultural Trade System. On a monthly basis, Southern Pine lumber exports were down 15.3% in November 2024 over the same month in 2023 and down 2% from October 2024. November’s total of 39.8 Mbf was the second-lowest total this year after January’s 37.9 Mbf of exports. Softwood imports, meanwhile, were down 2.4% from November 2023 and down 4% from October 2024. Overall, softwood imports are running 2% behind the first 11 months of 2023 at 1.1 Mbf. When looking at the report by dollar value, Southern Pine exports between January and November 2024 are running 5% ahead of the same period in 2023 at $197.3 million, with Mexico leading the way at $54.6 million, followed by the Dominican Republic at $45.7 million, and India at $15 million.

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