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When it comes to exports, this Australian state still leads the way

When it comes to exports, this Australian state still leads the way  article image

With a wealth of resources, Western Australia continues to be Australia's major exporter, accounting for 35.1 per cent of Australia's total exports in 2016-17.

Queensland comes in second, making up 22.4 per cent of the country's exports with NSW in third at 22.3 per cent.

The results are revealed in a new report by the Department of Foreign Affairs and Trade – Australia’s Trade by State and Territory 2016-17.

Minister for Trade, Tourism and Investment, Steven Ciobo says export values are growing in all states and territories, which is helping to create new jobs and drive economic growth.

The report, released yesterday, shows resources remained the major export for most of Australia’s States and Territories.

Iron ore and concentrates ($62 billion) was the major export for Western Australia while coal was the major export for both Queensland ($29 billion) and NSW ($15 billion).

The main export for Victoria was education-related travel services ($9 billion), for South Australia was alcoholic beverages ($1.5 billion) and for Tasmania was zinc ($639 million).

Largest trading partners

China remained the largest trading partner for all the States and took over top position for the Northern Territory in 2016-17. Switzerland was the Australian Capital Territory’s largest trading partner.

In 2016-17 the value of exports for all states and territories grew, helping to fuel Australia's job boom.

Queensland saw a 30.4 per cent increase in exports in 2016-17, followed by Western Australia at 18.5 per cent and NSW at 13.1 per cent.

Prices received for exports also increased for most states with Queensland seeing the largest increase (up 22.1 per cent).

Total exports of goods and services reached a record $373 billion in 2016-17.

The report is available at:

http://dfat.gov.au/about-us/publications/Pages/australia-s-trade-by-state-and-territory.aspx

Minister for Trade Tourism and Investment - Media Release - Australia's top exporter

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