In 2016, the gross value added (GVA) of forestry decreased by 3.4% in value and 1.9% in volume compared to the previous year, in contrast to the growing trend of recent years. This evolution was the result of a nominal decrease in Production (-3.0%), which was higher than that of Intermediate Consumption (-2.0%). The decline in production was mainly driven by decreases in pulp wood (-5.6%) and forestry services (-5.0%), which were not offset by the increases in the production of saw logs and cork (+4.4% and +5.8%, respectively).
The trade balance of products of forest origin (includes materials that are within the perimeter of the Forestry Economic Accounts and industrial products of forest origin) remained positive in 2017, reaching around 2.5 billion Euros. Cork products, with a trade surplus of 895.3 million Euros, remained the most relevant.