Tasmanian exports on the up
Despite the high Australian dollar, exports have picked up in Tasmania thanks to continued demand from China and an improved US economy.
“We are continuing to see very strong demand out of China, which represents around 28 percent of total overseas exports when we include Hong Kong,” said Tasmanian Premier Lara Giddings. “Our exports have also been strengthened recently by a pickup in the United States.”
Figures from the Australian Bureau of Statistics show that in March 2012 Tasmania recorded $336 million in international exports, which is the states strongest monthly result for almost two years.
“Over the past quarter the value of overseas exports is up by 12 percent compared to the same time last year,” said Giddings.
“Overwhelming our strongest export products continue to be our mineral resources,” said the Premier, who also reported growth in dairy and vehicle exports, including underground mining equipment and vessels.
Tasmania also recorded merchandise exports in the year up to March 2012 of $3.24 billion.