Exports of wooden buildings increased 14% in first seven months of 2013

According to Statistics Estonia the exports of wood-based products in first seven months  of 2013 was 947 million, which is 13.3% more compared to same period in previous year. The balance of trade surplus of wooden products increased to 702 million euros.

Wood-based products are the main stabilizers of Estonian trade balance.  Compared to same period in previous year the positive balance of first seven months increased from 617 to 702 million euros. Despite the positive balance of foreign trade in wood-based products the total deficit of foreign trade goods increased to 98.3 million euros.

The exports’ structure of Estonian wood-based products is dominated by added value products. The largest export share is held by sawn and planed timber (with 16.9%), followed by wood furniture and details (13.5%), wooden prefabricated buildings (13,1%) and construction components (12.5%). Prefabricated houses are mainly exported to Norway , Germany and Great Britain.

Compared to 2012, the exports of timber houses grew from 109 million to 124.3 million euros, in other words 14%. The most increased are exports to Norway, amounting from of 36,843 euros to 50,711 euros.