Australian resources exports highest ever

Minister for Resources and Northern Australia Matt Canavan has welcomed confirmation that Australian resources exports in 2018 set a new record of $248 billion.

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Minister Canavan said the value of 2018 coal exports were up 16 per cent on the previous year’s $57 billion and across the board resources exports were up 20 per cent on the previous year’s $206 billion.

“Figures from the Australian Bureau of Statistics today show strong export performance by iron ore, gas, gold and particularly coal,” Minister Canavan said on Tuesday.

Higher prices and export volumes produced a record $66 billion in exports of coal, and made it Australia’s most valuable single export.

“Resources contributed 72 per cent of Australia’s export of goods in the year and more than half of the nation’s total exports of goods and services.

“Mining is creating high-skill, high-pay jobs throughout Australia, often in regional areas.

“These latest figures are proof once again that Australia’s mining boom is far from over.”

To read more on Australian exports from the Australian Bureau of Statistics, go to their website here.

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