Data released by the Queensland Treasury has revealed that Queensland has hit another export milestone over the year to April 2019.
The value of Queensland exports increased $12.0 billion to hit $85.2 billion to April 2019, more than $65 billion of which can be attributed to the State’s resources sector.
Coal was once again Queensland’s largest export over the period.
Coal exports increased by $3.9 billion to $36.5 billion in the 12 months until April 2019.
Queensland Resources Council (QRC) Chief Executive, Ian Macfarlane, said that when it comes to resources, whether its thermal or metallurgical coal, metals or gas, Queensland has what the world needs, it wants more of it and is prepared to pay more for it.
“This is a result that more than 315,000 Queensland men and women working in the resources sector can be very proud of and Queenslanders can be very proud of them.”
“No one can take for granted the contribution the resources sector makes to their everyday lives – electricity in their homes, the gas in their kitchens for cooking and for hot water systems, coal and steel in their cars and public transport to get them to and from school or work, the metals in their mobile phones, devices and appliances,” he said.
China was Queensland’s largest export destination over the year to April 2019, with $28.5 billion. This was an increase of $7.1 billion from the year to April 2018.
Japan was Queensland’s second largest export destination with $12.2 billion (an increase of $372.9 million over the period).
The Queensland Treasury’s report can be found here.