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In total, TIQ supported $1.4 billion in investment outcomes, $632 million in export successes and 1,250 new jobs for Queenslanders last year.
TIQ continues to take Queensland to the world, through exports, and brings the world to Queensland, through trade.
Through TIQ, the Queensland Government continued to back businesses across the state, with $3 million in grant funding issued through the Go Global Export Program and the New Market Program.
TIQ’s operational teams here in Queensland and in markets around the world facilitated 17 Ministerial Trade Missions, including to India, Latin America, Japan, Europe, and Taiwan for the first time in 10 years. The year concluded with the state’s largest-ever Trade Mission to China in November.
The Queensland-India Trade and Investment Strategy 2023-27 was launched in August, focusing on strengthening trade ties through existing economic, institutional and people-to-people links with the world’s most populous nation.
TIQ also expanded its global footprint, establishing a new presence in both Mumbai and Frankfurt to take its international network to 19 offices in 14 markets.
Queensland further forged its reputation as a leader amongst its domestic peers, as the first state or territory to introduce a First Nations category at the Premier of Queensland’s Export Awards. Four Queensland businesses from the state awards went on to win their respective categories at the National Export Awards in Canberra in November, the most of any state.
Trade and Investment Queensland CEO Justin McGowan said Queensland was Australia’s export state.
“Nothing brings our team at TIQ a greater sense of pride than knowing we’ve made a meaningful contribution - be it to an individual Queensland business or to the state’s economy,” he said.
“We’re looking forward to what will be an abundance of opportunities in 2024 to support the ambitions of an even greater number of Queensland exporters with our specialist skills both here at home and through our offices around the world.”
KEY FACTS
- In 2022-23, Queensland was Australia's second-largest goods exporter, after Western Australia.
- In 2022-23, Queensland goods exports represented over one-fifth of total national goods exports.
- In 2022-23, Queensland total exports were nominally valued at $144.3 billion, a new record high.
- In 2022-23, Japan, China, India, and South Korea were Queensland’s major goods export destinations.
- One in five Queensland jobs is supported by exports.
- One in four jobs across the state are dependent on interstate or international trade.
- In 2022-23, Queensland goods exports represent over one fifth of total national goods exports.
- Migration Queensland nominated 4,372 skilled migrants and 235 business migrants in 2023.
About Trade and Investment Queensland
Trade and Investment Queensland is the Queensland Government's dedicated global business agency with 18 offices in 14 key markets, helping Queensland companies access international markets and facilitate foreign investments in the state. Contact us here