Malaysia’s wood export value declines 19.1% in January to August 2023

JOHOR BARU: The nation’s export value of wood and wood products decreased by 19.1% year-on-year to RM14bil between January and August this year, compared to RM17.3bil in the same period last year.

However, the Malaysian Timber Industry Board (MTIB) chairman Datuk Larry Sng Wei Shien said the decline was a global situation.