Podium clean sweep for Australian mining exports as records topple

Australian mining has continued to support the nation’s export and economic success with new records set for total export value and a range of mineral commodities.

New export data released today by the Australian Bureau of Statistics for the 2020/21 full financial year show the extraordinary magnitude and resilience of Australia’s mining exports.

The mining industry has generated a new record high of almost $300 billion in export revenue for the Australian economy.

As Australians cheer on our sporting champions at the Tokyo Olympics, they should be equally proud of our great mining workforce and the regional communities which continue to support the Australian minerals industry in breaking export records and meeting global demand for our world-class commodities.

The array of new records set includes:

• Record resources exports of $299.6 billion (including minerals, coal, metals, oil and gas)
• A record high trade surplus of $89 billion
• The highest ever share of export revenue contributed by resources (66 per cent)
• Record iron ore exports of $151.9 billion, 33 per cent of total export revenue
• Record gold exports of $28.4 billion
• Record copper exports of $11.5 billion.

While metropolitan lockdowns continue to affect our economic growth, Australia’s regional industries like mining are keeping the nation strong and helping to fund the support required for individuals and businesses to get through the COVID-19 pandemic.

When mining is strong, Australia wins.

ends