The Queensland Government is boosting thousands of new jobs across the state to support the state’s exporting industry.
The state government has created more than 3,000 jobs through companies supported by Trade and Investment Queensland (TIQ).
Over the current financial year until the end of March, TIQ has delivered $812 million in exports, as well as $1.5 billion in foreign investment outcomes, exceeding its targets for the financial year.
The government assisted TIQ in generating $341 million worth of exports.
In July last year, Queensland reported local exports had decreased by $8.8 billion to a total of $104.3 billion for the last financial year, representing a 7.8% drop.
This figure is included in Australia’s greater export value of $516 billion in the 2024–25 financial year. Australia’s exports dropped by $17.5 billion, or 3.3%, last financial year.
The state is a significant contributor to coal exports, yet coal recorded the largest decrease among non-confidentialised commodity exports over that period, with exports decreasing by $14.4 billion.
Total coal exports in Queensland for the 2024–25 financial year contributed $43.67 billion to the economy, part of a $44.01 billion contribution from the mineral fuels and lubricants industry.
Minister for Finance, Trade, Employment and Training Ros Bates says Queensland is back open for business, and the world is responding.
“We’re on track to hit our $5 billion trade and investment milestone later this year, which is a phenomenal result so early in this term, particularly given the volatility of the global trade environment,” Bates says.
“That means thousands of Queenslanders in well-paying jobs and communities everywhere reaping the benefits of a thriving trade sector.
“There’s a lot of uncertainty in the world at the moment, and we anticipate the environment becoming more difficult for our exporters. But that’s why it’s so important we continue to back them and help them find new markets and opportunities.
“Growth in Latin America and Europe is helping Queensland businesses diversify and expand their international reach, and we continue to see strong results from India, China, and Southeast Asia.
“We’re also expanding our trade footprint to ensure that our exporters are well positioned to weather the challenges of the current global situation and come through the other side stronger than ever.”
Write to Maddison Elliott at Mining.com.au
Images: Queensland Government
