Media Release Queensland Exports Rebound as to Australia’s Trade Surplus Reaches a Record

Wednesday 3 July, 2019 | By: Dan Petrie

Queensland exports led by a rebound in coal sales and elevated liquefied natural gas shipment help propel Australia to a record trade surplus of $5.75 billion in seasonally adjusted terms according to data released by the Australian Bureau of Statistics (ABS).

The Chamber of Commerce and Industry Queensland (CCIQ) notes that despite volatility in commodities, a lower Australian dollar has assisted services exports such as tourism and education currently marketing into Asian markets.

CCIQ Head of Media and Industry, Dan Petrie said activity in Queensland’s resources sector remains a key pillar for the state economy whilst agriculture and services sectors are starting emerge from a challenging last 12 months.

 “In looking at the May data it is important to remember that whilst resources have provided a great headline, the value added services sector is also providing a positive story for the state economy.  

“Coal and natural gas have rebounded strongly from a subdued print in April whilst the services sector that encompasses everything from education, medical and tourism recorded $8.3 billion of export value nationally.

“Queensland exports in services and high end products are being generated from a small business sector doing some extraordinary work in a somewhat challenging environment,” Mr Petrie said.

In an analysis of the ABS data, total merchandise exports from Queensland totalled $7.2 billion in May and the state’s merchandise exports of $85.794 billion eclipse those from New South Wales and Victoria put together.

The result is the seventh highest on record with imports into the state at $4.267 billion over the same period.

Export2

Export3

Export4

Post your comment

Comments

  • lotofacil 02/10/2019 11:22am (18 days ago)

    The article you share here is great. I really like and appreciate your work. I read your article deeply, the points you mentioned in this article are very helpful thanks for sharing

  • fnaf world 23/09/2019 7:55pm (27 days ago)

    The article you share here is great. I really like and appreciate your work. I read your article deeply, the points you mentioned in this article are very helpful thanks for sharing

  • mba essay help 12/09/2019 8:05pm (38 days ago)

    MBA Essay Help & Writing Services |20% off by MBA Essay Writers UK
    MBA Essay Help: We are one of the best MBA essay writing service and renowned for our trustworthy and exceptional MBA essay writers who are equipped with fresh ideas and years of experience.

  • do my essay 12/09/2019 8:03pm (38 days ago)

    Write My Essay For Me Services | Do My Essay Online UK/US
    If you are searching ‘Write My Essay’ or ‘Do My Essay’, then you struck at right portal. Affordable Essay Writing Service in UK , US at 20% OFF. Order Now!

  • essay help online 12/09/2019 8:01pm (38 days ago)

    Exceptional Essay Help Online Services with Unparalleled Benefits

  • dissertation writing help 12/09/2019 7:20pm (38 days ago)

    Searching for Dissertation Writing Help? Get dissertation writing Help in UK from GotoDissertationHelp, top dissertation writing help service at cheap prices.

  • dissertation editing help 12/09/2019 7:18pm (38 days ago)

    Eliminate all the errors lurking in your content with our help. Avail dissertation editing services from best in-house native experts at GotoDissertationHelp.

  • dissertation help UAE 12/09/2019 7:10pm (38 days ago)

    Do you need reliable Dissertation Help in low rates? Visit @GotoDissertationHelp, where we provide affordable dissertation help from PhD experts from your native countries.

  • Online Assignment Help 12/09/2019 3:38pm (38 days ago)

    Students are offered services like 100% plagiarism free content, 24/7 live support, Re-work facility and 20% OFF on first order.

  • Assignment Help 12/09/2019 3:35pm (38 days ago)

    Assignment Help Online: Australia Assignment Help @Goto AssignmentHelpAU

RSS feed for comments on this page | RSS feed for all comments