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SA exports worst hit by economic downturn

SA exports worst hit by economic downturn article image
South Australia was the Australian state worst hit by the global economic downturn and a rising Australian dollar, according to the Australian Bureau of Statistics. SA exports dropped more than 20 percent to $8.3 billion on the back of a 51.1 percent decrease in trade with the USA. Car exports declined by a massive 85 percent. However, exports to China rose by 21.3 percent to $1.18 billion and sales to India lifted by more than 50 percent to $367.6 million. Nationwide, Queensland suffered an 18 percent drop in exports, while Tasmania and Victoria were down 16 percent, NSW down 10 percent and Western Australia down 10 percent.

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