Portion of Logging Industry in Australia that is Illegal

The Government of Australia estimated in 2012 that over 10 percent of the timber that is imported into the country was illegal logged. Based on the value of Australia’s logging industry, the value of illegally logged timber in the country is worth $4.1 Billion (4 Billion Australian Dollars).

Source:  James Grubel and David Fogarty, “Australia passes illegal logging laws, joins EU, U.S.,” Reuters, November 20, 2012.