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Russia's invasion of Ukraine disrupted New Zealand's timber export trade

Posted on May 16, 2022   |  

  • Russia is planning to expand its export of timber to non-sanctioning countries amid sanctions in which two of those non-sanctioning countries are China and Vietnam.
  • These two countries are currently important volume purchasers of New Zealand timber, and in 2018, 48% of New Zealand’s forestry exports went to China.
  • Since the invasion in March, Russia could divert exports of logs and timbers from Europe to China, New Zealand, and Europe is the two largest suppliers of softwood logs to China, while Russia is the largest supplier of timber.