New South Wales Tops The Nation With $35.7 Billion In Exports

New South Wales Tops The Nation With $35.7 Billion In Exports

New South Wales Minister for Trade and Industry Niall Blair

New South Wales Tops The Nation For Exports

Victor P Taffa

New South Wales is leading Australia in services exports, with $35.7 Billion worth of Australian services exported last year.

Latest ABS figures show there is global demand for the state’s expertise in education, telecommunications, computer and information (ICT) services, financial and other professional services.

Minister for Trade and Industry Niall Blair said the growth in service exports highlighted the New South Wales Government’s success in creating an entrepreneurial business environment.

Minister Blair said New South Wales has contributed to more than 50 % (52.3%) of the total Australian growth in services exports, more than all the other states combined.

“In 2017 alone, our service exports grew in value by $3.6 Billion. We have hit our 2020 target for international education exports three years early, surpassing $9 Billion in exports.”

“These figures, yet again, demonstrate the strength of the New South Wales economy and the global demand for our services.”

“China remains Australia’s largest market for service exports, with exports to China growing $15.8 Billion.”

International education exports grew by 20.6 % to $11.3 Billion, while ICT exports grew by 11.6 % last year to $2.3 Billion. Financial services exports also grew by 5.6 % to $3.1 Billion.

Abbreviations:

ABS                Australian Bureau Of Statistics