May 2024 exports of Southern Pine lumber (treated and untreated) hit a three-year high with 59.7 Mbf, just shy of the 60.3 Mbf of exports in October 2021, according to May data from the USDA’s Foreign Agriculture Services’ Global Agricultural Trade System. It’s only the third time monthly exports have surpassed 50 Mbf since October 2021. Southern Pine lumber exports, which were up 28% over April and up 31% over May 2023, are running 15% ahead of 2023 YTD. …Our international consultants found most of the May 2024 Southern Pine export gains were in the Caribbean, although Mexico, Pakistan, and a few other countries were strong as well. …Mexico remains the largest export market, up 34% YTD with 64.4 Mbf of imports. The Dominican Republic, the No. 2 importer, is running 25% ahead of the same period last year with 47.3 Mbf. India’s total of SYP imports cooled a little in May but are still running 3% ahead of 2023 YTD at 16.1 Mbf.