Friday 22nd Jan, 2021

Tasmanian export growth led by mining and agribusiness

The Tasmanian Trade Scorecard has found the state’s goods exports managed to maintain 1.2 per cent growth across the year, despite turbulent domestic and international markets with disruptions due to COVID-19.

The Trade Scorecard is a check of progress against the goals of the Tasmanian Trade Strategy 2019-2025.

Goods exports were led by the mining and agribusiness sectors, seeing increases of $667 million and $222 million over the year respectively, taking the total to $3.7 billion.

More than 1950 businesses accessed a Tasmanian Government trade-related service across the year and 91 per cent were satisfied with the service they received.

It also found that more than 1600 Tasmanian businesses were promoted directly to, or within, their target export markets across the financial year.

Related stories:

More than 300 new contracts or business opportunities, collectively worth more than $150 million, were achieved with the assistance of our trade expansion activities.

Tasmanian Trade Minister Jeremy Rockliff said the State Government is committed to helping producers, exporters and manufacturers to adjust to the new global business climate.

As part of this, the 2020-21 State Budget includes an additional $2.65 million for trade development and the implementation of the Interim Trade Action Plan.

“This investment comes as part of our plan to rebuild a stronger Tasmania by boosting returns to Tasmanian businesses over the long term and get us back on track towards our target of growing the value of our exports to $15 billion a year by 2050,” Rockliff said.