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Exports from Tasmania boosted by China

Exports from Tasmania boosted by China article image
Tasmania's merchandise exports have increased for the third consecutive month, according to figures released by the Australian Bureau of Statistics. The April data shows the state's exports at $304 million. Tasmanian Minister for Economic Development Lara Giddings said this was in large part due to trade with China: "This growth has been driven by a surge in exports to China, which grew by $57 million in one month, due to a significant rise in the value of our non-ferrous metals exports." She mentioned that it was the best export performance Tasmania had recorded since June 2009 and said "the value of Tasmanian exports has grown by 36 percent in the three months to April 2010". However, despite the trade boost from China, exports to economies yet to fully recover from the downturn have yet to return to pre-crisis levels. "For exporters who rely on the weaker Japanese and Korean economies, challenges remain," said Giddings.

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