Jul 05, 2018

Resources sector helps boost export figures to record levels

Resources sector helps boost export figures to record levels “For every ten dollars Queensland earns through exports, the resources sector contributes eight of those ten dollars,” Queensland Resources Council

Increased coal, LNG and mineral sales have helped Queensland post a record export result of $73.7 billion for the 12 months until the end of May.

Queensland Resources Council Chief Executive Ian Macfarlane said the resources sector contributed almost $60 billion – or 80% – of the result.

“For every ten dollars Queensland earns through exports, the resources sector contributes eight of those ten dollars,” he said.

“This is a tribute to the more than 280,000 Queenslanders working directly and indirectly in the resources sector. To those men and women, Indigenous and non-Indigenous, in the regions and the south-east – please accept the congratulations on behalf of all Queenslanders.”

Over the last 12 months:

  • Coal exports increased by $5 billion or 18% to $32.8 billion;
  • Mineral exports increased by $634.2 million or 9.3% to $7.4 billion; and
  • LNG, alumina and semi-soft coking metallurgical coal to $20.9 billion of exports classified as confidential. This category of exports increased by $3.8 billion or 22%.

Link to Queensland Treasury trade data here.

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