Queensland Treasurer Curtis Pitt said “The value of Queensland’s overseas merchandise exports rose 19.3 per cent to $46.5 billion in the year to the May quarter 2015.”
Mr Pitt said the ABS data showed Queensland exporters were getting on with the job of promoting growth and earning the State valuable export dollars.
“Growth over the year was driven by increases in the value of minerals, coal and meat exports, as well as the continued ramp up of LNG exports,” he said.
“Coal exports rose 6.9 per cent over the year to $6.2 billion, while LNG exports from the Port of Gladstone have totaled $648 million so far in 2015.
“This is an outstanding success for our newest export industry – an industry developed and nurtured by successive State Labor governments.”
Mr Pitt said meat exports rose 32.8 per cent over the year to May quarter 2015, mostly driven by an increase in beef export prices and rising beef slaughter rates.
“Other manufactured goods worth $2.9 billion were also exported during this period,” he said.
“Queensland’s crops exports have also started to recover, rising 129.5 per cent – driven by growth in grain, sorghum and chickpea shipments.”
Mr Pitt said with up to 80 per cent of the state drought-affected, the result shows the resilience of the agriculture sector.
“The Palaszczuk Government will continue to support Queensland’s primary producers who are doing it tough in the drought,” he said.
“The State Budget on July 14 will include specific funding packages for drought-affected regions.”