News Release Minister Susan Close

Minister for Manufacturing, Innovation and Trade Minister for the Public Sector
Thursday, 3 April 2014

South Australian exports power to a record high

South Australian exports have surged to total more than $12.1 billion in the 12 months to February, achieving its highest ever 12-month value. The latest Australian Bureau of Statistics trade figures show overseas goods exported from South Australia for the year to February 2014 grew by 14% year on year, outpacing the nation. The ABS figures show national exports grew 9.2% in the same 12-month period. Manufacturing, Innovation and Trade Minister Susan Close said exceeding the $12 billion mark is a tremendous result for South Australian exporters. Dr Close said the latest export data is the sixth consecutive 12-month figure to total $11 billion or more. This record high is a credit to South Australias exporters, across a range of industries, she said. In a very challenging international market, South Australia has outperformed every other State and Territory in the country. This achievement is even more remarkable in the face of an Australian dollar that is still holding above US90 cents. The result also reflects the South Australian Governments continued support for our export sector through specific strategies for China and India. We have also worked hard to promote South Australias premium food and wine and mineral resources to the world market. South Australias 14% growth compares to 13% for the Northern Territory and Western Australia, 8.9% for Victoria and 0.3% for Queensland 0.3. New South Wales and Tasmania both recorded decreases in the 12 months to February.

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Twitter: @sa_press_sec

 South Australias strongest growth in export value by category in the 12 months to February 2014 included: Road Vehicles Meat and meat preparations Other commodities (incl. confidential items and bulk barley) Lead Metal ores and scrap up 26.3% or $108 million up 26.2% or $178 million up 22.3% or $457 million

up 22% or $75 million up 20% or $449 million

Petroleum and petroleum products up 13% or 21 million

Growth in goods export markets in the 12 months to February 2014 were: Market China United States Malaysia Japan Annual Growth 43% 35% 17% 15% Value $3.0 billion $1.3 billion $665 million $645 million

www.premier.sa.gov.au

Twitter: @sa_press_sec