South Australia’s exports reach record levels

South Australia’s exports have surged to a record-breaking $17.9 billion over the past 12 months as international relationships strengthen.

South Australia’s exports have surged to a record-breaking $17.9 billion over the past 12 months and for the fourth consecutive month, South Australia has outperformed the rest of the nation in export growth, with an increase of 12 percent.

China continues to be South Australia’s largest export destination, with a remarkable year-on-year increase of 46 percent, totalling $3.2 billion. This achievement follows concentrated efforts by both the State and Federal Governments to stabilise the trading relationship between the two nations.

The increased demand for South Australian barley in China has led to a record-breaking $218 million in exports for the year ending November 2023, compared to $111 million for the year ending October 2023. Before the imposition of trade impediments in the 2021-22 financial year, South Australian hay exports to China were valued at approximately $33 million.

Premier Peter Malinauskas visited the region in September, while Prime Minister Anthony Albanese met with President Xi Jinping during his visit to China. Foreign Affairs Minister Penny Wong and Federal Trade and Tourism Minister Don Farrell have also actively advocated for Australian producers during their trips to Beijing.

South Australia has welcomed China’s recent removal of trade impediments on products such as barley. The South Australian Government continues to push for eased export restrictions on lobster, while wine tariffs are currently under review.

India has also emerged as a significant export market for South Australia, becoming the fourth-largest with export growth of 24 percent, reaching $1.1 billion for the past year. This growth coincides with Trade and Investment Minister Nick Champion’s mission to India last year, marking the first visiting delegation by a South Australian Minister since 2017.

South Australia’s share of national exports for the year stands at just over three percent. Australian merchandise exports as a whole declined by 3.6 percent to $562.4 billion during the same period.

Minister for Trade and Investment Nick Champion expressed his delight at South Australia’s export success, stating, “South Australia’s exports have reached record growth and have topped the nation for the fourth consecutive month, up 12 percent on the previous year.” He emphasized the growth across various sectors and industries and praised the state’s farmers and growers for sending world-class produce to major international markets.

Champion also underscored the significance of the stabilized relationship between Australia and China and South Australia’s commitment to ongoing partnerships and collaboration with the region. He acknowledged the joint efforts of both the State and Federal Governments in ensuring a trading partnership with China, highlighting the value of these efforts for South Australia’s producers and the entire state.

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