Unit 3 - The Economic Importance of Forests
Lesson 2: Forests and the Global Economy
Forests are an essential driver of the world's economy. They contribute to the livelihood of at least 1.6 billion people.
Approximately 50 million people are employed by forest industries, and international trade in forest products is worth approximately $270 billion (In United States funds).
As you can see in the graph (courtesy of Natural Resources Canada), the U.S.A. has been a large importer of Canada's forest products, but with the crash of the U.S. housing market, Canada needed to look at other countries, specifically China,
to offset the decrease of the U.S. market.
Canada's exports, from forest products, contribute 17.1 billion in net trade.
Almost half of Canada's forest product export value is from the following three products:
Canada has the largest share of the global NBSK market with one-third of the world's production. NBSK is an increasingly important pulp grade for tissue and paper production, which puts Canada's production in a good position.