The value of Victoria’s international goods exports soared 11.5 per cent over the 12 months to January – the strongest growth of the mainland states.
Australian Bureau of Statistics data released today shows $26.3 billion in goods were exported from Victoria over that period – the highest level on record.
China, Japan and the United States were Victoria’s major export destinations.
The results are even more impressive when compared to national goods exports, which fell 3.8 per cent over the year to January.
Today’s exceptional economic data caps off a week of extraordinary results for the Victorian economy, with state final demand, retail and international trade, and building approvals all performing well.
Victoria’s robust construction activity and record exports reflect an economy in top gear – fuelled by the Andrews Labor Government’s pipeline of major infrastructure projects and the private sector’s strong confidence in the state’s economy.
Victoria’s is the economic engine room of the nation, which means more jobs and more opportunities for Victorians.
Since coming to office in 2014, the Labor Government has created more than 315,000 jobs – the vast majority of them full time.
Quotes attributable to Minister for Trade and Investment Philip Dalidakis
“Our economy continues to grow strongly – meaning more jobs, more exports and more opportunities for Victorian businesses.”
“Victoria's record international trade reflects strong business confidence and growth in new markets that we are opening up all over the world.”
Reviewed 19 August 2020