Feb 06, 2019

QRC welcomes rise in exports

QRC welcomes rise in exports Exports through Queensland ports, including Gladstone, were worth $81.7 billion in 2018.

Latest figures show 2018 was a resurgent year for the state’s resources exports, according to the Queensland Resources Council.

QRC chief executive Ian Macfarlane said the value of resources exports rose by more than 15 per cent in 2018.

He said the stellar figures, based on data from the Australian Bureau of Statistics, reinforced the importance of the state’s commodity exports to all Queenslanders.

“(The year) 2018 was a year of record royalty tax returns and record exports buoyed by the resources sector,” Mr Macfarlane said.

“Queensland’s exports are worth $81.7 billion, up more than 16 per cent over the last year.

“The resources sector accounts for 80 per cent of our state’s exports, through our highly sought-after coal, gas and minerals.

“Our coal exports are the most valuable, worth $35.7 billion.  That coal is exported to build cities and infrastructure around the world, and to provide high-efficiency, low-emissions energy.  

“In return, our exports bring in returns for all Queenslanders to build schools, roads and hospitals and pay for teachers, nurses and police.

“This year, the resources sector will pay a record $5.2 billion in royalty taxes to boost the Queensland budget.

“Overall, coal exports went up 15.7 per cent in 2018, while minerals went up 14.3 per cent in value.”

Recent Stories

Subscribe to IQ e-News Bulletins