Trade data for 2022 reveals record export revenue at a record high of $461 billion, up 31 per cent from the previous record set in 2021. This has delivered Australia largest trade surplus ($136 billion recorded in financial year 2022).

Coal contributed $141 billion (up 123 per cent), iron ore $123 billion, gold $23 billion, aluminium (alumina and bauxite) $15 billion (up 14 per cent) and copper $12 billion.

The results will also generate substantial tax and royalty returns. In the last decade, mining companies have contributed $143 billion in company tax, and $112 billion of royalties.

The industry continues to pay the highest average wages, supporting 1.1 million jobs in the mining industry and its supply chains.

Minerals Council of Australia Chief Executive Officer Tania Constable said when Australian mining does well, all Australians do well.

“Mining continues to support jobs, the economy and government spending on essential services during difficult times for Australian families.

“Global demand for Australia’s resources continues to underpin economic activity.”