In 1997, the Republic exported US$514 million worth of
timber and timber products to many countries including Japan,
China, Hong Kong, the Middle East, India, Europe and the
USA. The dynamic growth of Singapore's timber trade is attributable
to several factors. It is the centre of the world's major
timber producing zone of the South East Asia. This, coupled
with its strategic location on the sea routes and highly
developed infrastructure and facilities, gave Singapore
a natural headstart in timber business.
As one of the world's major trading centres for timber
products, Singapore has developed a highly reliable control
management system for the timber trade. A high standard
of reliability is ensured by compulsory registration of
all parties involved in the export of logs, sawn timber
and plywood, and through grading and check-grading of sawn
timber prior to shipment. Recently, IE and the local timber
business community launched the Singapore Timber Trade Procedures
(STTP) to further enhance Singapore's role as a reliable
source of timber. These measures encourage overseas buyers
to use Singapore as a reliable partner, quality control
and re-export centre.
The Singapore Timber Website is a continuing effort by
the Singapore timber fraternity and the Singapore Trade
Development Board to introduce the large number of Singapore
timber companies and their products and services to overseas
buyers and users.