Senate debates

Tuesday, 12 May 2020

Questions without Notice

Trade with Indonesia

2:32 pm

Photo of Simon BirminghamSimon Birmingham (SA, Liberal Party, Minister for Trade) Share this | Hansard source

Despite the challenges posed by COVID-19, the latest ABS trade data shows that Australia recently recorded our 27th consecutive monthly trade surplus. Indeed, it was another record trade surplus to the tune of some $10.6 billion. I am pleased to highlight for Senator McMahon's benefit and others from the Northern Territory, that this included a record value of goods exports, and goods exports from the Northern Territory increased in 2019 by some 73 per cent under the policy settings of our government.

During the month of March, we saw strong goods export growth to a of different markets for Australia. There was a 354 per cent increase in goods exports to Hong Kong, a 30 per cent increase to the Republic of Korea, a 96 per cent increase to the United Kingdom and a 51 per cent increase to the United States of America, all this demonstrating that the diversity of opportunities available to Australian exporters continues to grow and they continue to seize those opportunities.

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