Australia remained on track to set a new record in its resource and energy commodity exports in 2018–19.
It’s outlined in the Commonwealth Government’s Resources and Energy Review.
It shows a decline in the Australian dollar has helped boost commodity export earnings up above $264 billion —meaning resource and energy commodities now represent more than half of Australia’s total export value.
This is an upward revision on previous forecasts, reflecting strong growth in coal and LNG export earnings, as well as favourable movements in iron ore prices.
Click here to see the whole report.