HS Code:
Engineered structural timber products, classified under HS Code 4418, include items such as glued-laminated timber (glulam), cross-laminated timber (CLT), and other composite wood products designed for structural applications. These products are widely used in construction for their strength, sustainability, and versatility compared to traditional timber. They are key materials in modern green building practices due to their lower carbon footprint and renewable nature.
Total Trade Volume
USD 5.2 billion
Data from 2022
Source
United Nations Comtrade Database
Average Rate
5.3%
Highest Rate
12% (imposed by certain developing countries)
Lowest Rate
0% (under free trade agreements like EU-Canada CETA)
Rising demand for sustainable construction materials
Increased adoption of engineered timber in residential and commercial projects, driving export growth in Europe and North America.
2021-2023
Technological advancements in timber engineering
Innovations like CLT for high-rise buildings have expanded market applications, boosting trade volumes in innovative markets like Japan and Australia.
2020-2022
Policy support for green building
Government incentives and building codes favoring low-carbon materials have increased demand, particularly in the EU and Canada.
2019-2023
The EU introduced stricter sustainability and traceability requirements under the European Deforestation Regulation (EUDR), impacting exporters of engineered timber products.
June 2023
Non-compliant exporters face market access challenges, while certified suppliers gain competitive advantage.
Ongoing negotiations between the US and Canada aim to resolve long-standing disputes over timber trade, including engineered products.
September 2023
Potential reduction in tariffs could boost Canadian exports to the US market.
Countries like Japan and South Korea are increasing imports of engineered timber for earthquake-resistant construction.
March 2023
Growing opportunities for exporters from Europe and North America to tap into high-growth markets.