Wednesday 11th July 2012

Australia’s exports set new record

Australia’s exports rose by 10.2 per cent last year, to be worth $313.3 billion.

The Department of Foreign Affairs and Trade, which produced this figure, described it as “a record.”

It said, too, that this was the first time that the value of Australia’s exports had topped $300 billion.

The figure includes both goods and service exports.

“Mineral exports led the way,” the Department said.

Exports of iron ore and concentrates were worth $64.1 billion, a rise of almost 30 per cent over the previous year.

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