![]() Globally competitive tax rates, more workplace flexibility and increased government funding for pre-competitive exploration programs are all essential to mining’s long-term future and Australia’s economic prosperity.Īnd when the mining industry is strong, all Australians benefit. While Australia has significant endowments of copper, lithium, nickel, gold and rare earth elements, developing these deposits into the mines of the future is far from guaranteed. Today, we see massive benefits from this investment. Over a decade ago the investment phase of the mining boom underpinned the nation’s rebound from the Global Financial Crisis with over $370 billion spent in the five years to 2014 developing new resources projects and building critical infrastructure in regional areas. More must be done to attract the investment needed for new projects in Australia to meet growing world demand for minerals for every day living and to drive the energy transition to net zero emissions. Australian Energy resources and major export ports as of 2008 Full-time employment in coal mining since 1984 (thousands of people) Australian coal production (red) and exports (black), 19802012 Australian coal was first discovered in New South Wales by shipwreck survivors in August 1797, at Coalcliff, north of Wollongong. Ongoing demand for resources is driving the 258,000 direct mining jobs, with significant benefits flowing to all of Australia and particularly regional communities.Īustralia is proving again how its highly skilled, innovative mining workforce is competitively supplying the minerals for the future.īut we can’t take these great trade figures for granted. Japan is our second-largest export market, valued at AUD119.7 billion and accounting for 17.9 per cent of our total exports. In 20 22, Japan was our second-largest trading partner, with two-way goods trade valued at AUD147.1 billion. This record growth demonstrates the importance of Australia’s mining industry to our economy. Japan has long been a major trading partner for Australia. Duties on Australian exports to India are 150 per cent. Total Australian wine exports to the world were valued at 2.1 billion in 2021. Key ECTA market access outcomes include: tariffs locked at 0 per cent on 29 December 2022. ![]() This incredible growth in revenue has also delivered Australia its largest ever trade surplus ($123 billion) during the COVID-19 pandemic, at a time when it needed economic stimulus the most. Australia exported 2.7 billion of barley and 156 million of oats globally in 2021. Aluminium (including alumina and bauxite) was $13.7 billion, up 15 per cent from 2020 and copper (metal and concentrates) contributed $12.1 billion, up 14 per cent from 2020 and a new record high. Coal contributed $62 billion, up 43 per cent from 2020. Iron ore contributed $154.2 billion, up 32 per cent from 2020 and a new record high. Resources contributed 68 per cent of total Australian export revenue in 2021. Trade data released today by the Australian Bureau of Statistics shows resources export revenue reached a new record high of $351 billion in 2021 – up 21 per cent from the previous record set in 2019. Australias largest export markets are China (32 percent of total exports), Japan (16 percent), South Korea (7 percent), the US (5 percent), India (4 percent), New Zealand, Singapore and Taiwan (3 percent each).
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