Maine exported $551 million in forest products in 2018
International trade is a major component of Maine’s forest products industry. The Maine International Trade Center (MITC) estimates that Maine exported approximately $551 million worth of forest products in 2018 to countries like Canada, China, and Italy. This represents about 20 percent of Maine’s total exports. 2018 Trade Stats – MITC.
Top Exports of Forest Products: Wood pulp products topped the list at $199 million worth of exports, which were primarily sent to Canada, China and Italy. Articles of wood came second with $195 million worth of exports to Canada, the Dominican Republic, and China. Maine also exported $172 million worth of paper and paperboard products to Canada, Mexico, and the United Kingdom.
Top trading partners:
- Canada is consistently Maine’s most important trade partner for forest products. In 2018, Maine exported $346 million worth of forest products to Canada, and $1.8 billion over the last five years.
- China. The trade tensions between the U.S. and China have negatively impacted Maine’s exports of forest products to China. From 2017 to 2018, Maine exports of wood pulp decreased by 20% and exports of wood articles dropped by 45%, this represents a decrease of approximately $28 million.
- South Korea. Exports of wood pulp products to South Korea increased by over $14 million from 2017 and 2018, this represents a 50-fold increase. As trade tensions with China continue, Maine’s forest products industry must continue to seek alternative foreign markets to replace Chinese demand; South Korea is a growing alternative market for Maine’s forest products.
Imports: Maine imports of forest products from Canada account for more than 90 percent of Maine’s total imports of forest products. In 2018, Maine imported $202 million worth of wood pulp products, $154 million worth of wood articles, and $106 million worth of paper and paperboard products from Canada.