Queensland Exporters Represent a Case Study in COVID Resilience
The June trade balance saw the Australia’s record its second largest trade surplus on record $8.2 billion as imports moderate and monthly exports of iron ore hover at $10 billion.
However, the rural sector, most notably meat exports have increased by 15% with rural goods overall increasing by 10%.
It is important to note that increasingly Queensland is become a far more diversified exporter than a decade ago.
It may surprise people to know that Queensland based food manufacturer, Frosty Boy is one of largest supplier of dessert based products into India.
Or the Gold Coast based manufacturer, Patriot Campers is one the of most dominant players in the lucrative outdoor vacation market.Trade data can often provide politicians with nice headlines when commodity prices are elevated but it is the story below the headline data where the real stories are.
Source: Trade and Investment Queensland, August 2020