Trading In Timber Products Companies in Malaysia

The timber industry is a vital part of the Malaysian economy, accounting for approximately 7% of the country’s GDP. The sector employs over 600,000 people and is a major source of export revenue, with timber products worth RM22 billion (US$5.6 billion) exported in 2016.

The Malaysian timber industry is based on the sustainable management of the country’s tropical forest resources, which cover 19 million hectares, or 55% of the land area. Timber production is concentrated in the states of Sarawak and Sabah, on the island of Borneo, where the majority of the country’s forests are located.

The Malaysian timber industry is highly diversified, with over 1,000 companies involved in the production of a wide range of products. These include sawn timber, plywood, veneer, particleboard, fibreboard, blockboard, doors, windows, furniture, and a variety of other wood-based products.

The timber industry is an important source of foreign exchange for Malaysia, with timber exports earning the country RM22 billion (US$5.6 billion) in 2016. The majority of these exports (85%) were destined for markets in Asia, with China being the largest