New figures released today show South Australia’s international trade has plummeted by 20 per cent on the previous month with our share of national exports now standing at an abysmal 2.58 per cent.
The trade figures further underline the perilous state of the South Australian economy under the Marshall Liberal Government.
The slump in exports comes as we hold the dubious title of having the worst unemployment in the country (6.9 per cent) and a second consecutive quarter of declining State Final Demand.
Trade Minister David Ridgway, who has been in the job for 18 months, now has the doubtful honour of delivering the worst five individual monthly export performances in the last 30 years.
Each of those months (Oct, Nov 18 and Jan, May and July 19) has occurred in the past year, all being less than 3 per cent of national exports.
In effect he is laying a solid claim for being the worst Trade Minister the State has had in living memory.
Quotes attributable to Shadow Minister for Trade Zoe Bettison
The State’s economy is going backwards on just about every measure available.
Fewer exports mean fewer jobs here in South Australia and we already lead the nation in unemployment.
David Ridgway spends a lot of time travelling overseas but he has nothing to show for it. We are going backwards at a rate of knots and he needs to tell South Australians how he is going to turn it around.