Australia’s resource and energy export earnings are forecast to set a record A$281-billion in 2019-20, up from A$279-billion in 2018-19, new data from the Office of the Chief Economist has revealed.
Minister for Resources and Northern Australia Matt Canavan noted that the record earnings are underpinned by rising export volumes of iron-ore, liquefied natural gas (LNG) and gold, while tech-era commodities such as lithium are set to earn Australia A$1.6-billion in export earnings in 2020-21, with the potential for multiples of this number by the end of the next decade.