Queensland Coal and Gas Exports Deliver Record Trade Surplus: CCIQ

Tuesday 7 May, 2019 | By: Dan Petrie

Queensland coal and gas exports have helped Australia deliver a record trade surplus $4.95 billion for March according to data released by the Australian Bureau of Statistics (ABS), as demand and elevated commodities prices boost the state’s export data.

The Chamber of Commerce and Industry Queensland (CCIQ) notes that despite some moderation in coal prices, stronger volumes have seen the value of coal exports on a monthly basis continue at a run-rate of approximately $6 billion per month over the year.

CCIQ Head of Media and Industry, Dan Petrie said activity in Queensland’s resources sector remains the key pillar for the state economy, as well as boosting Queensland’s Treasury.

“In looking at the March data it is important to remember that a strengthening oil price and stronger coal volumes have been effectively carrying the day for the Australian economy.  

 “The income resources exports generate are at a level most countries around the world can only look at with a sense of envy.

“Queensland exports in services and high end products are also stronger and are performing incredibly well in a somewhat challenging environment,” Mr Petrie said.

 In an analysis of the ABS data, total merchandise exports from Queensland totalled 7.35 billion.

The result is the fifth highest on record with imports into the state at $4 billion over the same period.

---------------------------------------------------- ENDS -------------------------------------------------------

Dan Petrie
Media and Communications – Economy and Government
Chamber of Commerce and Industry Queensland
Ph No: 07 3192 0120 (Landline)
Dan Petrie -Mobile: 0408 919 767
Email: dpetrie@cciq.com.au

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