Resource exports reach record $290 billion

Australia’s exports of minerals, metals and energy commodities reached a record new high of $290 billion in 2019 – up 17 per cent from the previous record set in 2018, trade data released by the Australian Bureau of Statistics revealed today.

Underpinning this outcome were record years for Australia’s iron ore ($97 billion), gold ($24 billion) and copper ($10 billion) exports, while coal exports remained high at $65 billion.

Today’s data emphasises the importance of the Australia’s world-leading resources industry to our economy. Mining provides the economic bedrock for the Australian Government to meet its immediate and long-term challenges.

The growth in resources exports benefits all Australians through the considerable taxes and royalties the industry pays – funding the teachers, nurses, police and infrastructure projects on which all Australians rely.

The MCA is focused on making mining safer, more sustainable and more accountable so it can continue driving economic growth and giving back to the community.

A strong minerals industry creates a stronger Australia

 

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