South Australia’s merchandise exports reached $17.7 billion in the year to March 2024, growing by 2.8 per cent, against a nationwide decrease of 10 per cent over the same period, according to figures released by the government this week.
This is the eighth consecutive month that South Australia’s export growth has outpaced the nation, and the third consecutive month as the only state to experience export growth.
China remained the state’s largest export destination, up 39 per cent year-on-year to $3.62 billion. The United States continues to be the state’s second-largest export destination, up 23 per cent to $1.9 billion with Malaysia once again, our third-largest export destination at $1.2 billion.
The South Australian Government hopes to see this strong result strengthened by China’s decision in March to remove all remaining trade barriers on Australian wine.
There were strong export results across Southeast Asia with Vietnam, Indonesia and Thailand experiencing export uplifts of 31, 30 and 29 per cent respectively.
