Latvia: Exports of wood products hit record value due to booming prices

Latvia: Exports of wood products hit record value due to booming prices
The Latvian timber industry was the sector with the fastest growth in export value last year, recovering from a difficult 2020.    Kristaps Klaus, Executive Director of the Latvian Timber Industry Federation, said in May 2020 the restrictions caused by Covid-19 had severely affected the forest sector and exports. The situation was diametrically opposed in 2021.    Pēteris Strautiņš, an economist at Luminor Bank, ironically describes that "anyone who said a year that timber exports would double in a year would be sent for a doctor's examination". Latvian exports of wood ...

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