NSW lays bold export path
The NSW Government says its latest Trade Statement shows how it will double export revenue by 2031.
The Trade Statement outlines four ways to hit $200 billion in expert revenue by 2030. It calls for measures including increasing exports by small and medium-sized enterprises (SMEs), and finding ways for a broader range of goods and services to be transported to a wider range of international markets.
The statement says resources and energy, including renewables, will be one of the priority sectors for export from New South Wales.
“Significantly, plans to expand renewable energy in NSW could allow the mining, mineral processing and manufacturing sectors to increase competitiveness by reducing their carbon footprint and energy costs,” the Statement reads.
Currently, exports account for 15 per cent of the NSW economy. The Trade Statement predicts this will improve to 18 per cent - $130 billion - by 2024.
Mineral exports contributed 20-25 per cent of the state’s export value.
New South Wales Minerals Council chief Stephen Galilee says mining will underpin the growth expected of state exports.
“Demand continues to be strong for our high-quality coal, and for gold, copper and a range of other minerals driven by their role in the manufacture of many products, including electronics like laptops, tablets, phones and renewable energy technology,” Mr Galilee said.
“Exploration spending is at record highs, and there’s a strong pipeline of potential new projects across commodities, with the potential to bring billions in investment and thousands of jobs to NSW.”