David O’ByrneRISING demand from China, Indonesia and Taiwan has contributed to Tasmania’s export trade figures holding up, according to Economic Development Minister David O’Byrne.
According to Australian Bureau of Statistics figures released yesterday, Tasmania recorded international merchandise exports worth $3.2 billion over the year to November 2011.
“Over the past quarter we’ve seen renewed signs of strength, with exports up 9.5 per cent compared to the same period last year,” Mr O’Byrne said.
That was a good result, especially considering the high Australian dollar.
“The state’s strongest-performing commodities have been in metallic ores, dairy products and specialist vehicles,” he said.
Mr O’Byrne was confident that the state’s economy would continue to recover this year.
Nationally the ABS data showed that the trade balance in November was much the same as in October, narrowing marginally by $38 million in seasonally adjusted terms to $1.380 billion.
Neither imports nor exports of goods and services were changed significantly in the month.
But for the first two months of the December quarter, the level of exports was up only fractionally by 0.3 per cent, while imports were 2.9 per cent higher.
This story Administrator ready to work first appeared on Nanjing Night Net.