NEWS

After increasing by 11% in 2022, the volume of U.S. imports of multilayered wood flooring fell by 26% in January vs. one year ago. Vietnam and Cambodia remain the two largest import sources, overtaking China. Vietnam, Cambodia, and China comprise 28%, 20%, and 17% of imports by volume, respectively. Imports from Vietnam grew by nearly 20%.

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The value of U.S. imports of hardwood plywood dropped by 69.6% as volume fell by 67.7% in January vs. one year ago. Imports rose by 12% in value in 2022 to more than $2.1 billion. Imports from Indonesia, the top source, sank by 59.9%. Imports from Vietnam and Russia fell by 86.3% and 82%, respectively.

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Last week, a three-judge panel at the U.S. Court of International Trade upheld Section 301 tariffs on China, rejecting a massive lawsuit filed on behalf of 3,600 importers. The Court found that the U.S. Trade Representative supplied the needed explanation to support imposing the tariffs. This means that the additional 25% tariffs on hardwood plywood and multilayered wood flooring imported from China will remain in place. The U.S.

Decorative Hardwoods Association (formerly HPVA) eNews Volume XVI, Issue V: Engineered Wood Flooring Is A Climate-Responsible Choice, New Study Shows | The Dirty Truth About Fake Wood Floors | Real American Hardwood Campaign Touts Health Benefits Of Real Wood | U.S. Continues To Import Russian Plywood, Reports NBC News | Is Wood Making A Comeback?

Forests cover what percent of the total land area in the U.S. and in Canada?

Answer:  In 2020, the US had 33.9% and Canada had 38.7%. of  land area in forests.

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worldbank.org: Forest area (% of land area)

Photo © Tim Palmer