The latest June trade data from the Australian Bureau of Statistics revealed that total resources and energy exports were worth a record $414 billion in the 2021-22 financial year, up 38% on the previous 12 months.
According to the trade data, iron ore accounted for $134 billion – down 12% on the previous year – whereas coal exports were worth $109.7 billion, up 180% on the previous year. LNG exports were worth $70 billion – a 130% increase on the prior corresponding period.
Minister for Resources and Northern Australia Madeleine King congratulated Australia’s resources sector for posting another record year of exports.
“The results are a tribute to more than a quarter of a million Australian workers in the resources industry, who have helped ensure Australia remains a stable and reliable supplier of resources and energy amidst the global turbulence caused by Russia’s invasion of Ukraine and from the ongoing COVID pandemic,” Minister King said.
“Australia’s rich endowment of critical minerals and rare earths will help us and our global partners meet our global ambitions to reach net zero emissions by 2050.”
