Mar 06, 2017

Coal and gas help fuel bumper trade results

Coal and gas help fuel bumper trade results

Queensland is on track to post another record trade result with coking coal, LNG, and crops helping drive a massive boost in export sales for the January 2017 quarter, Premier Annastacia Palaszczuk said.

Speaking ahead of a trade mission to Singapore, India and a meeting of trade ministers from across the Commonwealth in London this week, the Premier said Queensland’s strong export growth was supporting more jobs at home.

“Queensland posted a record $52 billion in exports last year. The result for the January 2017 quarter (November and December last year and January this year) is so strong, that we are on track for breaking that record,” Ms Palaszczuk said.

The value of Queensland goods exported in January this was $5.3 billion higher – an increase of 45 per cent – compared to January 2016.

Ms Palaszczuk said her trade mission would seek to make deeper inroads into key markets India (Queensland’s fourth largest export market) and Singapore (eighth).

In India, the Premier will be accompanied by eight regional mayors to meet with the leadership of Adani to discuss its $21 billion Carmichael Coal mine-rail-port project as well as its ambitions for renewable energy.