Queensland Resources Council Chief Executive, Ian Macfarlane, said the latest ABS data was another solid result for the state’s economy, but that the impacts from COVID-19 were being realised.
“It’s the first time for several quarters we’ve seen the state’s total export value dip below AUS$80 billion and it’s a sign of the challenges ahead as world markets are impeded by COVID-19,” Macfarlane said.
“Resources accounted for AUS$64 billion of total exports with coal exports falling by 12.2% while metals exports increased by 7% to AUS$8.5 billion.
“Despite the fall in coal it was still the state’s most valuable commodity, accounting for AUS$32.6 billion of the total value of exports.
“The numbers have softened but in the current environment they are encouraging especially for jobs here in Queensland.”
