Coal fuels export growth
Premier Annastacia Palaszczuk said in the 12 months to August, merchandise exports increased to $69.8 billion - $21 billion more than the same period last year.
A significant driver of the rise in exports was the rise in coal exports, especially hard coking coal.
“Coal exports increased $3.89 billion over the year from August 2016 to $9.53 billion in August quarter 2017, this was the result of a significant increase in coal export prices,” Ms Palaszczuk said.
“Our agricultural sector also continues to perform well, with total crop exports rising from $1.49 billion in the year to August 2016 to reach $2.48 billion in the year to August 2017.
“A big driver of this growth continues to be chickpea exports which rose in value from $656 million in the year to August 2016 compared with $1.45 billion in the year to August this year.”
Beef exports rose to reach $1.34 billion in the August quarter this year compared with $1.21 billion in the August 2016 quarter.