South Australia’s Overseas Goods Exports Total $10.8 Billion Year To October 2016

South Australia’s Overseas Goods Exports Total $10.8 Billion Year To October 2016

South Australia Minister for Investment and Trade Martin Hamilton-Smith

South Australia’s October Overseas Goods Exports

Victor P Taffa

South Australia’s overseas goods exports totalled $10.8 Billion in the year to October 2016, according to figures released today by the Australian Bureau of Statistics.

This was down 7.7 % compared with the year to October 2015. Figures show national exports totalled $242 Billion in the year to October 2016, down by 4.4 % compared with the year to October 2015.

“More than 65,000 South Australian jobs are supported by exports and the State Government is committed to seeing this number grow. Continuing growth in trade and exports will lead to a strong economy and job creation.” Minister for Investment and Trade Martin Hamilton-Smith said.

All states and territories recorded a fall in overseas goods exports in the year to October 2016.

  • Northern Territory (down 29 % ),
  • South Australia (down 7.7 % ),
  • Western Australia (down 5.7 % ),
  • New South Wales (down 3.1 % ),
  • Victoria (down 2.9 % ),
  • Queensland (down 2.0 % ),
  • Tasmania (down 0.7 % ).

Minister for Investment and Trade Martin Hamilton-Smith said the figures show the total value of South Australian exports continues to be supported by growth in the value of exports of copper, wine petroleum, petroleum products, lead, wool and sheepskins.

“This month saw growth in several key areas, however these were offset by declines in areas we have less influence over, namely resources, wheat, meat and vehicles.” Mr. Hamilton-Smith said.

Mr. Hamilton-Smith said while some sectors are down this month, strong demand continues for our local products with support coming from export sectors including. Key results for the year to October 2016 compared with October 2015 include:

  • Copper – up 9.8 % or $105 Million;
  • Wine – up 9.8 % or $109 Million;
  • Petroleum and petroleum products – up 49 % or $59 Million;
  • Wool and sheepskins – up 8.8 % or $16 Million;
  • Lead – up 17 % or $72 Million.

“The State Government’s export strategy, including overseas trade and business missions, is having an impact. In the targeted areas of goods and services and as such, South Australia’s overseas export performance has shown a welcome improvement in the past year overall.”

 Background

South Australian export markets that experienced growth in the year to October 2016, compared to the previous 12 months included:

  • Malaysia,
  • Japan,
  • Canada,
  • New Zealand.