Australia’s resources and energy exports continue to grow according to trade data released today, despite the challenges of the past 12 months.
According to the Australian Bureau of Statistics’ International Trade in Goods and Services data, total resources and energy exports were $91.8 billion for the three months to October 2021, which is 41 per cent higher than for the same period last year.
For the year to October 2021, resources and energy exports earnt $337.7 billion, which is an increase of 25 per cent on the previous 12 months.
Total iron ore exports were $34.6 billion in the three months to October 2021, which was up 9 per cent on the same period last year, but down 33 per cent on the previous three months to July 2021. Exports for the year to October were $163.2 billion – 49 per cent higher than for the previous 12 months (to October 2020).
Thermal and metallurgical coal exports hit $18.4 billion in the three months to October, which is double the earnings over the same period last year and 46 per cent higher than for the previous three months to June 2021.
Demand for Australian liquefied natural gas saw exports reach $15.4 billion for the three months to October 2021. The figure was 161 per cent higher than for the same period last year and 54 per cent higher than for the previous three months to July 2021.
Minister for Resources and Water Keith Pitt said the sector is performing even better than it was before the COVID pandemic.
“The resources and energy sector already provides direct jobs for around 268,000 Australians and support the employment of over a million more.
“The growth shown in these earnings across the sector simply mean more jobs and more opportunities for Australia,” Minister Pitt said.
