MTIB: Timber industry export worth RM23.2 bln

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Teresa Kok

KUALA LUMPUR: The Malaysian Timber Industry Board (MTIB) revealed that the nation’s timber industry contributed RM23.2 billion to export earnings last year, representing a 4.8 per cent increase compared to 2016.

Director-general of MTIB Datuk Dr Jalaluddin Harun said that of the amount, RM8 billion is from the export of furniture, which is a record high for the industry.

“Rubberwood furniture makes up 80 per cent of the total furniture export,” he told reporters after an awards ceremony honouring the retired as well as excellent MTIB staff yesterday.

The ceremony feted 35 MTIB employees and was officiated by Primary Industries Minister Teresa Kok.

Jalaluddin added that MTIB has targetted a three to five per cent growth in wood furniture export, which can be achieved through reducing the trade of other wood products such as plywood and particle boards.

“With this, unrefined woods can be used for making products of higher value such as furniture, and can be of use in downstream marketing,” he said. — Bernama