Playing around on TradeMap (I highly recommend everyone check it out), we see Russia is responsible for 11% of lumber exports, second only to Canada at 21%.
With 53% of Russian Lumber exports going to China, a combined 12% going to Japan and Uzbekistan, and no real significant trading partners outside of that (with more than a percentage or 2).
Given, China has stated that it will continue to maintain normal trade relations with Russia. I wonder if the Russian situation will have any real impact’s on the US lumber market. That is unless China reverses its stance…
What do you guys think? Will Russian sanctions have a significant effect on American lumber markets?