U.S. Building Materials Market Hits Record Year as Consumers Increase Spending and Prices Drop

The U.K. and the U.A.E. have emerged as the world’s top exporters of building materials last year, according to data released on Monday by a consultancy that tracks global trade.

The global trade data showed the U:a:b:c market grew 13% to $7.4 billion in the 12 months to the end of June.

U.s. lumber and wood are among the biggest exporters, while Japan’s saw a modest 10% increase to $3.1 billion.

The U.k. exported more than 2.7 million tons of lumber last year to its European and Asian rivals, while Japanese saw a 4% decline to 2.2 million tons, the consultancy, Wintrust Economics, said.

A further 880,000 tons of building material was shipped from the U., the consultancy said.

The figures showed that the U.:a: b:c industry expanded by 5.6% in the quarter ending June, according the consultancy.

That’s the second-highest quarterly increase in the last decade.

The global supply of building products, excluding materials, was about 5.2% higher in the first quarter of the year than the previous quarter, according data from the London-based think tank, Wood Mackenzie.

The data will be important for the Trump administration to gauge the success of its pledge to boost U. s exports to Europe and Asia, as it attempts to push through a trade deal with the U, the White House said last month.

The administration also has been pushing for a deal with China to curb tariffs on steel and other goods and services, which could create a new U.:a::b: c trade surplus.

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