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South Australia’s overseas goods exports continue to rise

Wednesday, 03 August 2016

South Australia’s overseas goods exports totalled $11.6 billion, up 2.7 per cent, or $306 million, in the year to June 2016, according to figures released today by the Australian Bureau of Statistics.

The latest figures show South Australia again performed substantially better than the national average which latest results show are down 4.4 per cent compared with the year to June 2015. The only two other states recording a rise in overseas goods exports in the year to June 2016 were Tasmania (up 12 per cent) and Queensland, (up 2.3%).

Minister for Investment and Trade Martin Hamilton-Smith said the figures show that strong demand continues for our local products with support coming from export sectors including copper, wine, fruit and vegetables and petroleum products. These gains were offset in falls in the values of resources including meat, gold, silver and platinum wool and sheepskins.

Key results for the year to June 2016 compared with the year to June 2015 include:

  • Copper - up 45 per cent or $428 million;
  • Wine – up 9.7 per cent or $119 million;
  • Vegetables and fruit – up 12 per cent or $62 million
  • Petroleum and petroleum products – up 35 per cent or $45 million;
  • Wool and sheepskins – up 26 per cent or $43 million.

Background

South Australian export markets that experienced growth in the year to June 2016, compared to the previous 12 months included: Malaysia, Canada, ASEAN, Middle East, US and EU.

Quotes attributable to Investment and Trade Minister Martin Hamilton-Smith

More than 65,000 South Australian jobs are supported by exports and the State Government is committed to seeing this number grow. Continuing growth in trade and exports will lead to a strong economy and job creation.

Several recent sets of official data and economic analysis show that the State Government’s export strategy is having an impact. In the targeted areas of goods and services, South Australia’s overseas export performance has shown a welcome improvement over the past year and today’s figures add to that trend.