Australian resources and energy keep export dollars flowing

The Hon Keith Pitt MP
Minister for Resources and Water
Media release 5 November 2021

Latest trade data confirms Australia’s resources and energy sector is on target for another record year of exports and confirms its status as a cornerstone of Australia’s economy.

Minister for Resources and Water Keith Pitt said the Australian Bureau of Statistics’ International Trade in Goods and Services data for September 2021 show how important our resources exports continue to be to the recovery from the global COVID-19 pandemic.

“These latest quarterly figures show Australia’s resources are the gifts that keep on giving,” Minister Pitt said.

“Our resources exports continue to bring hundreds of billions of dollars into the country and keep thousands of Australians in high-value, high-skilled jobs – particularly in regional Australia.

“Just as iron ore’s incredibly strong run cools, soaring demand for our coal and liquefied natural gas is fuelling a surge in export revenues.

“Total resources and energy exports were $95.9 billion for the 3 months to September 2021, which is 50 per cent higher than for the same period last year and 11 per cent higher than in the previous 3 months to June 2021.

“Resources exports were $332.6 billion in total for the year to September, an impressive 23 per cent higher than the previous 12 months,” Minister Pitt said.

“Coal has been an outstanding performer. Exports climbed to $16.3 billion in the 3 months to September 2021, up 80 per cent on the same period last year and 47 per cent higher than for the previous 3 months to June 2021.”

Total iron ore exports were $44.4 billion in the 3 months to September 2021, which was up 48 per cent on the same period last year. Exports were $167.3 billion in the 12 months to September 2021 which was 58 per cent higher than for the previous 12 months (to September 2020).

Liquefied natural gas exports were $13.9 billion for the quarter to September 2021, which was 130 per cent more than for the same period last year and 59 per cent higher than for the previous 3 months (to June 2021).

Minister Pitt said Australia resources are also supporting the global economic recovery.

“The resources industry supports our regions, but it also underpins growth and prosperity for large parts of the world, our commodities are pivotal to much of global manufacturing and energy supply,” Minister Pitt said.

“These strong figures are also a testament to the Australian men and women of the resources and energy sector whose hard work continues to support the Australian economy.”

Media contact: Minister Pitt’s office 02 6277 7180

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