Abstract: With the earliest start and most rapid development, plywood is the major product among China's wood-based panel products. Based on the discussion of the current situation of production and trade of China's plywood, this paper analyzes its international competitiveness by means of trade specialization coefficient, revealed comparative advantage index, revealed competitive advantage index and international market share. It is concluded that though China has the largest export amount of plywood in the world, it is not a great power in terms of the production of plywood. However, China has tremendous market potential and great developing space of plywood industry. Finally it is proposed that plywood enterprises in China should strengthen technology innovation and solve the problem of resource constraints.