State exports slump to new low – down 18% on previous year

South Australia’s merchandise exports are continuing to slump, down 18% this September compared to the same period last year.

In ongoing defiance of national trends, our share of national merchandise exports has fallen to historical lows of 2.43 per cent.
 
This downturn in export performance is embarrassing for the Marshall Liberal Government.
 
Our state’s exports have now dropped to an annual figure below $12 billion for the first time in many years, putting pressure on jobs and economic activity.
 
It is estimated that South Australia has more than 72,000 export related jobs, many which are based in regional areas.
  
Quotes attributable to Shadow Minister for Trade and Tourism Zoe Bettison
 
More exports mean more jobs and more money to the South Australian economy.
 
Our State’s national share of exports is down more than a full percentage point since the last financial year. 
 
Minister Ridgway and the Marshall Liberal Government dumped the previous government’s targeted trade strategies.
 
The Marshall Liberal Government is taking exports backwards and has no plan to address the decline.
 
The continuing fall in our state’s export performance can only be bad for South Australian jobs.