Growth in Tasmania’s exports outstripped growth of all other states over the 12 months to March 2018, according to the latest ABS international export figures.
The value of overseas exports from Tasmania increased by 36.4 per cent, to $3.52 billion, in the year to March 2018 compared to the previous year.
More exports means more jobs for Tasmanians and a stronger, growing economy.
Today’s figures are proof positive of the success of the Government’s Plan to open up new markets for Tasmanian goods.
These strong results follow on from today’s announcement that TT-Line has signed contracts to deliver two new, next generation Spirits for Tasmania that have greater capacity for freight to get more Tasmanian goods to market.
Today’s figures showed nominal value of exports to China, our largest export market, increased by $430 million or 58.5 per cent in the year to March 2018 compared to the previous year. The primary drivers were increased mining exports, seafood, and forestry products such as paper and paperboard.
Exports to Malaysia were up $122 million or 50 per cent, mainly due to increased mining exports.
The Government is creating new opportunities for Tasmanian businesses and the latest ABS international export figures yet again show our Plan is succeeding.
Will Hodgman, Premier