Coal drives record Qld exports

4th August 2017 By: Esmarie Iannucci - Creamer Media Senior Deputy Editor: Australasia

PERTH (miningweekly.com) – The Queensland government on Friday revealed that exports from the state reached a record A$65.9-billion over the last 12 months.

Treasurer and Minister for Trade and Investment Curtis Pitt said a significant rise in the value of coal exports was the primary driver behind Queensland setting another record export total but exports of some agricultural commodities also rose in value.

He pointed out that exports supported one in five Queensland jobs.

“Our Trade and Investment Strategy recognises that more exports mean more jobs, especially in regional communities,” Pitt said.

“Our economic growth was ahead of the national growth rate in 2016/17 and is forecast to remain strong. Our fiscal discipline has been acknowledged by global ratings agencies and as optimism resurges in our state under Labor the eyes of investors are looking squarely at our state.

“We will continue to drive this momentum and off the back of a successful trade mission to Asia last month, we’re already planning another trade mission next month to keep Queensland’s brand and opportunities front of mind for international investors.”