Harnessing the collective efforts of government, business and industry, the Queensland Trade and Investment Strategy 2022-2032 will evolve our established economic strengths and grow new industries.
Exports already support one in five Queensland jobs. The implementation of this $150 million Strategy will help to create additional jobs and deliver greater economic benefits for Queensland.
The Strategy will harness Queensland’s prime location at the crossroads of the Asia-Pacific and assist the state's businesses to evolve to meet changing worldwide demand.
The trade landscape is dynamic and global shifts and trends are reshaping international market demand for our products and services. Queensland needs to continue expanding our expertise and knowledge to meet new demand in the global economy.
The Strategy was developed in collaboration with Trade Steering Group (TSG) member agencies and through extensive consultation and inputs from clients, government and industry leaders.
With Brisbane’s Olympic flame burning bright in 2032, the Strategy will help facilitate Games trade and investment opportunities for the benefit of all Queenslanders.
This Strategy will ensure Trade and Investment Queensland is strongly positioned to continue its vital work supporting Queensland businesses to export and attract investment now and into the future.
Positioning Queensland for continued prosperity
Queensland’s trade and investment success is built on the skills of our people and value of our natural assets. The 2022–2032 Strategy aims to maximise existing strengths and develop new capabilities to help Queensland businesses to adapt, thrive and grow by:
- Promoting Queensland
- Boosting exports
- Growing investment and jobs
- Being a trusted partner
Priority industries
Market directions
Queensland’s international network connects exporters with opportunities in both established and growth markets. While ongoing challenges from geopolitical tensions will influence future trade activity, Queensland has a strong foundation which will allow our priority industries to strengthen to grow exports.
Queensland has 14 priority markets reflected in our international network and export priorities across both established and growing industries: China, Europe, Hong Kong, India, Indonesia, Japan, Korea, Latin America, Middle East, New Zealand and the Pacific, North America, Southeast Asia, Taiwan, and the United Kingdom.
Queensland’s focus in building sustainable exports over the long-term will be informed by:
- Strengthening engagement with major trading partners in Asia – ongoing connection with China, our largest trading partner, and continued collaboration with long-standing partners Japan and Korea, to meet new demand including food and energy security solutions.
- Fostering new partnerships with growing Asian markets – exploring further opportunities in India as well as Southeast Asia to meet demand from the rise of the middle class and increasing urbanisation.
- Building deeper ties with traditional partners and leveraging FTAs – pursuing exports in growth areas of strategic interest with Europe, the United Kingdom and the United States in sectors including advanced manufacturing, biotechnology and energy and leveraging new trade opportunities created through FTAs.
- Expanding relationships in markets to harness Queensland expertise – building on strong relationships to support increased trade outcomes in markets such as Latin America and the Middle East to meet new demand from digital and economic transformation.