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Record SA exports led by grain and metals

South Australia’s exports are at a record $15.6 billion with 19.6 percent – or $2.6 billion – more growth compared to the previous year, with agriculture and metal commodities leading the surge.

Nov 04, 2022, updated Nov 09, 2022
Photo: supplied

Photo: supplied

Trade and Investment Minister Nick Champion said latest data showed the state’s export values to the year ending September were up 33 per cent or $343 million to the United States, 22 per cent to Malaysia and 325 per cent or $237 million to France, cushioning disruptions from falls in exports to the Chinese market.

Exports to China fell 15 per cent or $373 million.

Global demand for South Australia’s grain has continued to rise with no signs of stopping, with Grain Producers SA saying extreme weather conditions had depleted crops in eastern states farms along with major producers like the United States and Canada.

The war in Ukraine was also reducing global grain supply because the country is one of the world’s largest producers.

Agriculture and metal commodities were estimated to account for nearly 70 per cent of total South Australian exports and remained the key drivers in export growth.

Wheat exports rose by 54 per cent or $727 million and refined copper and copper products by 8.6 per cent or $149 million.

“It’s really encouraging that demand for South Australian products is presently strong,” Champion said.

“We’re experiencing record levels of export value and growth in many markets but there’s plenty of work to do. I look forward to continuing that with South Australian companies to ensure our state’s economy is strong and durable.”

Nationally, the value of overseas goods exports totalled $562 billion, up 30 per cent or $128.6 billion over the same period, with South Australia accounting for 2.8 percent of national exports.

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Export values were up across all states, led by Queensland up 98 per cent, followed by New South Wales up 79 per cent, the Northern Territory up 39 per cent, Victoria up 24 per cent, South Australia up 20 per cent, Tasmania up 9.6 per cent and Western Australia up 2.4 per cent.

Wine exports were again lower, down $80 million or 5.5 per cent.

Wine Australia’s most recent export report showed national wine exports fell by 11 per cent in value to $2.01 billion in the same period.

This decline was attributed to tough market conditions over the past two years, including high deposit tariffs on bottled Australian wine exports to China, global freight challenges and changing consumer habits following the COVID pandemic.

But Wine Australia’s market insights manager Peter Bailey said the report showed some positive trends and that value was starting to stabilise.

“We’re seeing the tail end of the decline in exports to mainland China having an impact on the total export figures; this is expected to wash out of the figures by the end of 2022,” Bailey said.

“When mainland China is excluded from the data, wine exports to the rest of the world held steady in value, declining by 0.2 per cent to $1.99 billion and increasing by 1 per cent in volume to 622 million litres.”

South Australia accounts for almost 80 per cent of Australia’s premium wine, produced from some of the oldest vines in the world.

The state dominates the Australian wine industry with just under half of all Australian vineyards and more than 700 wineries situated in South Australia.

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