SUBSCRIBE TO OUR FREE NEWSLETTER
PUBLISHED |

Western and South Australia leading trade growth

Author:
Western and South Australia leading trade growth article image
Western Australia's exports last financial year accounted for 40 percent of the nation's total exports last financial year, said a DFAT report released this week. This was an increase of five percent from the previous year, with iron ore showing a massive 70 percent growth, accounting for more than half of the state's total merchandise exports. Other exports of gas, crude petroleum, precious metal ores and nickel ores also showed very strong growth. South Australia's exports also grew over 21 percent, primarily driven by wheat. The ACT and NSW showed some growth but in numbers far smaller than WA and SA while Queensland's export numbers dropped due to last year's extreme weather including floods and Cyclone Yasi. New South Wales remained the nation's largest importer, with $104 billion worth of goods and services entering the state. The value of Australian exports also grew 17.3 percent in the financial year 2010/11 with price being the main driver as volumes remained steady. Full analyses and tables from the annual publication Australia’s Trade by State and Territory 2010-11 are available without charge on the Department of Foreign Affairs and Trade website.

Tags

Leave A Comment

Spinning icon Saving your comment, please wait...
Spinning icon Saving your comment, please wait...