Queensland’s exports have set another record.

The latest trade figures for the 12 months to February 2019 showed Queensland goods exports totalled $83.1 billion – 17.6 per cent higher than the same period last year.

Trade and Investment Queensland Chief Executive Officer Paul Martyn said the Australia Bureau of Statistics data reflected another strong 12 months of trade for Queensland.

“China continues to be the state’s largest single export market, taking 32.9% of the state’s exports by value, and injecting $27.4 billion into the Queensland economy last year,” Mr Martyn said.

Other major Queensland goods exports markets included Japan (14.8 per cent of total Queensland goods exports), India (12.0 per cent) and South Korea (10.8 per cent).

Coal exports rose by $6.0 billion or 15.9 per cent in the 12 months to February 2019, to $44.0 billion. This reflected a rise in both prices and volumes.

Queensland Treasury estimates LNG exports rose by $4.5 billion or 44.9 per cent in the year ending February 2019, to $14.4 billion, driven by an increase in export prices for LNG.

Minerals exports increased $1.3 billion or 14.1 per cent in the year ending February 2019, to $10.5 billion. Queensland’s key mineral exports include copper, aluminium, lead and zinc.

Beef exports were up $780 million to $5.5 billion in the 12 months to February 2019.

ENDS

Media Contact:  Greg Sweetnam, Director Corporate Communications, Trade and Investment Queensland 0447 972 744 or greg.sweetnam@tiq.qld.gov.au

|