Tasmanian Exports Show Strong Growth

2018 trade figures released

Tasmanian Exports Show Strong Growth

The Australian Government Department of Foreign Affairs and Trade has released Australia's trade by State and Territory report for 2017-2018.

The publication provides information on each Australian state and territory's merchandise and services trade with the world. For each state/territory, trade data is presented by level of processing, major merchandise export and import commodities, major merchandise trading partners and regions.

In 2017-18, the value of exports from Tasmania increased 24.8% to $5.1 billion and export volumes rose 17.7% while export prices increased by 6%.

China was Tasmania’s largest two-way merchandise trading partner in 2017-18, accounting for 25.1% ($1.2 billion) of total trade. Malaysia ($443 million) was the second largest, followed by Japan ($371 million), Taiwan ($291 million) and the United States ($283 million).

Tasmania’s major export markets in 2017-18 were

  1. China up 54.6% to $1.0 billion
  2. Malaysia up 46.5% to $397 million
  3. Japan up 50.2% to $338 million

For more information and the full report click here.