US imports of hardwood plywood grow by 31% year-to-date June

By Keith Christman, President
Decorative Hardwoods Association
August 25, 2022
Category: Finance & Economics
Region: United States

The Department of Commerce’s finding was that U.S. imports of hardwood plywood from Vietnam circumvented duties. Recent import data highlights the potential impact of this ruling; imports of hardwood plywood from Vietnam are up by more than 90% this year through June. Now, most of these imports will be subject to tariffs of more than 200% as a result of the Department of Commerce’s ruling. Imports from Russia—the U.S.’s third largest source of hardwood plywood—have slowed dramatically since tariffs were imposed in April. …Total U.S. imports of hardwood plywood grew by 37% in volume and nearly 77% in value from January through June, as compared to the same period last year. Indonesia is the number one source of U.S. imports, with volume up by nearly 41%. Vietnam was the second largest source, with imports soaring an astounding 93% in volume. Russia is still the third largest source, with volume up by about 2%.

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