Resources sector accounts for Queensland’s export growth

In Exploration, Latest News

The resources sector has delivered the $30 billion increase in exports since the Palaszczuk Government came to office three-and-a-half years ago, according to latest trade data.

Queensland Resources Council Chief Executive Ian Macfarlane said since the 2015 State election, coal exports have increased by $15.2 billion to $33.5 billion and commodities such as LNG, alumina and semi-soft coking metallurgical coal have increased by $15.1 billion to $21.4 billion over the same period. Mineral exports have remained stable at under $8 billion.

“Overall Queensland exports have increased by $30.9 billion under the Palaszczuk Government. Almost every extra dollar earnt overseas since the start of 2015 has come from the resources sector – coal, minerals, petroleum and gas,” he said.

“More than 80% of Queensland exports come from the resources sector. We export more than $1 billion every week.

“We are proud Queensland is posting record export results. We are proud of the 300,000 men and women who work in, or are supported by, the resources sector for their hard work to achieve these records.”

Mr Macfarlane said the resources sector in Queensland was currently creating a new job and investing $1 million every hour.

“No one in the industry is complacent, and no Queenslander should be complacent,” he said.

“A strong resources sector is essential to a strong Queensland economy. Only stable and predictable policy will ensure the benefit for all Queenslanders – whether in direct or indirect employment or to share in the more than $4.5 billion in royalties the State Budget projected for 2018-19 for our hospitals, schools and infrastructure,” he said.

Link to Queensland exports performance – July 2018

Link to Queensland exports performance – January 2015

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