Although diversified forest management is promoted as a strategy aimed at slowing tropical deforestation, little is known about the viability of integrating timber and non-timber forest products in the same forest management plans. In this study we offer an initial characterization of multi-purpose tree species in the State of Pará, the principal Amazonian logging region. We identify the species used for both timber and non-timber extraction, and classify these according to their commercial value. We relate multi-purpose species to their ecological traits, the type of non-timber forest use and the fraction of the tree harvested. Although a high number of species present a potential conflict of use, this conflict is only relevant in four of them: D. odorata, T. serratifolia, T. impetiginosa and H. courbaril. Nevertheless, the nature and relevance of this conflict will ultimately depend on the importance that the non-timber use has for the livelihoods of forest-dependant people, the commercial value and the ecological resilience of these species.