Natural Gas Exports from Queensland and WA Continue Australia’s Trade Surplus Run

Thursday 7 June, 2018 | By: Thomas Birkbeck

The Chamber of Commerce and Industry Queensland (CCIQ) has welcomed the latest Australian Bureau of Statistics trade data for April showing a commodity driven surplus of $977 million and representing the fourth consecutive surplus this year.

CCIQ analysis showed while iron ore and coal exports remain elevated, the natural gas exports data is reflective of projects that have moved into full production in both Queensland and Western Australia.

CCIQ Head of Industry and Media, Dan Petrie said while the national trade numbers were positive Queensland’s performance was mixed. 

“Chinese ports received almost $2 billion worth of merchandise goods from Queensland whilst the value of exports to Japan fell below $1 billion to $825 million.

Mr Petrie said China as an export destination accounted for $19.8 billion of merchandise goods in 2017 compared to Japan’s $11 billion over the same period. 

“The value of exports to China have had an annual compound growth rate of 21% since 2001 and surpassed Japan as the top importer of Queensland goods in 2012 on annualised basis.

“While commodity exports provide attractive headlines, it is important to remember the state’s small to medium enterprise sector continues to outperform in health, food and agricultural exports,” Mr Petrie said.

Exports from Queensland totalled $5.6 billion in April, and coupled with the state’s burgeoning expertise in high-end manufacturing, will push the value of exports towards $6 billion per month according to CCIQ.

“This state is an export powerhouse and when Queensland is firing the rest of the economy follows,” Mr Petrie said.

CCIQ maintains its position that Queensland’s future prosperity is tied to the innovation and trade story that continues to underpin the state’s long term economic prosperity.

CCIQ has again reiterated that next week’s State Budget provides an opportunity for the Palaszczuk Government to set a clear economic direction for the State’s business community. 

China Japan exports

Post your comment

Comments

  • Keithbut 12/04/2021 3:56am (2 days ago)

    can you buy viagra over the counter <a href=" https://swdprescription.com/# ">viagra online no prescription</a> viagra without a prescription

  • DennisnoP 08/04/2021 4:38am (6 days ago)

    kamagra pills: <a href=" https://edpillsonline24.com/# ">male erectile pills</a> viagra pills online

  • Williamler 06/04/2021 7:34pm (7 days ago)

    prescriptions from india: <a href=" https://indiaph24.online/# ">india pharmacy mail order</a> buy prescriptions from india pharmacy

  • Raymondsek 03/04/2021 1:39pm (11 days ago)

    buy augmentin online: <a href=" https://bio-catalyst.com/# ">buy erythromycin generic</a>
    order nitrofurantoin online

  • Raymondsek 02/04/2021 1:53pm (12 days ago)

    ketoconazole price: <a href=" https://bio-catalyst.com/# ">buy biaxin</a>
    order keftab online

  • AlbertMal 01/04/2021 3:29am (13 days ago)

    https://zithromaxproff.com/# buy zithromax online
    zithromax cost uk

  • vardenafil grapefruit interaction 25/03/2021 8:01pm (19 days ago)

    vardenafil- vardenafil tablet, film coated https://vegavardenafil.com/ vardenafil dosage maximum

  • alprostadil injection video 24/03/2021 10:47pm (20 days ago)

    alprostadil for sale online https://alprostadildrugs.com/ alprostadil injection where to buy

  • how does alprostadil treat erectile dysfunction 21/03/2021 12:24am (24 days ago)

    transurethral alprostadil https://alprostadildrugs.com/ how much alprostadil vials

  • buy vardenafil over the counter with no pres. online 20/03/2021 11:37pm (24 days ago)

    vardenafil hcl 20mg tab https://vegavardenafil.com/ warnings for vardenafil maximum dose

1 2 3 4 5 6 7 8 9

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