Twelve percent of timber imported to Finland last year came from Estonia, while another 60 percent came from Russia and 19 percent from Latvia.
In the first nine months of last year, Finland imported 10 million cubic meters of timber, a 35 percent increase compared to 2008, reported Helsingin Sanomat.
In that same time period, Estonia's exports grew by 115 percent compared to 2008, director Ott Otsmann of Estonia's Forestry and Timber Association told uudised.err.ee. In the first nine months of 2009, the gross value of Estonia's forestry and timber exports was 722 million euros, an increase of 40 percent.
In recent years, Latvia has chopped down 10 million cubic meters of timber annually, compared to Estonia's 6 million cubic meters. Otsmann said 12 million cubic meters a year would still be a sustainable figure for Estonia.