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% more people, who are 13% more productive and get 11.5% higher wages compared to non-exporters. Exporters also commit 7% 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.
Trade & Investment Queensland is the Queensland Government’s global business agency for business trade and investment and can help your business expand globally, connect with TIQ today.