*RUSSIA'S FOREST*

Russia has the world's largest area of forests.

The Russian forestry industry is a set of Russian industries related to wood harvesting and processing. As one of the oldest sectors in the country's economy, Russia's timber industry continues to bring in about $20 billion per year. Russia has more than a fifth of the world's forests, making it the largest forest country in the world. According to data for 2015, the total forest area has exceeded 885 million hectares, representing 45% of the total area of the country. The stock of wood in the area was 82 billion cubic meters.

A significant proportion of revenue from the industry is generated by the export of raw materials from sawing logs. For a long time, Russia was the main supplier of raw wood materials in Europe. However, according to a 2012 study by the Food and Agriculture Organization of the United Nations and the Government of the Russian Federation, the potential of Russian forests is underutilized, and Russia's share of the global trade in forest products is less than 4%.

As part of Russia's total industrial production, Russia's timber industry sectors are in seventh place in terms of production and fifth place in terms of national exports. The main product of Russia's forest industry is timber, whose share of the total volume of exported timber is approximately 75 - 80%. The logging industry is considered to be the basic direction of the whole forest complex. By the end of the 1980s, the USSR ranked second in the world in the export of wood, second only to the United States. As a result of numerous economic changes throughout the past decade, Russia has moved between 6th and 7th place worldwide in this index.

Source: Ultimate Facts
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By *Muhammad Dangiwa*