Exporters create jobs, pay more and enjoy more success than non-exporters
Australian exporters produce more goods and services, employ more workers on higher wages, invest more capital and have a higher probability of long-term success than non-exporters, a recently released Federal Government study has found.
The research, produced by the Department of industry, Innovation and Science, compared the performance of 350,000 companies over 10 years to 2013-14.
Exporters on average employ 24 per cent more people, who are 13 per cent more productive and get 11.5 per cent higher wages compared to non-exporters. Exporters also commit 7 per cent more to capital expenditure.
Other key findings from the study:
- Over a third of Australia’s exporters are concentrated in four industries: mining, manufacturing, wholesale trade and information media and telecommunications
- Exporters grow faster than non-exporters in the lead up to foreign market entry but this growth difference diminishes in a few years
- Continuous exporters perform significantly better in all performance measures than non-exporters
- Exporting as associated with a higher probability of business survival
The Export behaviour and business performance research paper can be viewed in detail here.
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