Ports Australia has released its inaugural State of Trade report, illuminating the significant impact of ports in the nation’s economy.
The report reveals Australian ports are responsible for 99 per cent of Australia’s international trade and ensure the flow of $650 billion worth of goods and commodities annually.
New data shows nearly 700,000 jobs across Australia are facilitated through the work of ports, contributing around $264 billion to the economy.
Port Authority of NSW has welcomed the report from Ports Australia.
The report highlights the vital role of ports in New South Wales in the Australian economy, including $127 billion in annual international trade value, facilitating the movement of 203 million tonnes of cargo each year and supporting 108,000 jobs across the state.
Port Authority of NSW CEO Philip Holliday said Port Authority is proud to support the remarkable achievements of Australia’s maritime economy.
“The State of Trade report highlights the significant role ports play in our everyday lives,” Mr Holliday said.
“Ports in NSW alone are responsible for the movement of millions of tonnes of goods, driving economic growth with a trade value in the hundreds of billions.
“Over the past decade Port Authority has facilitated a $1 trillion contribution to the economy, supported thousands of jobs, and promoted regional and state-wide growth with safe and sustainable port operations maximising the efficiency of well-established supply chains.
“We are thrilled that Ports Australia is highlighting the pivotal role that ports play in driving Australia’s economic engine. Ports are not only gateways for trade but are integral to our communities. The State of Trade report confirms what we have known for years – that investing in our ports is investing in our future.”
Ports Australia CEO Mike Gallacher said ports are the lifeblood of the economy and are responsible for 99 per cent of Australia’s international trade.
“We often take for granted just how critical our ports are across a range of industries and communities. The extensive data in the inaugural State of Trade report demonstrates the interconnectedness of Australia’s key industries and supply chains to our economic health and allows us to plan for the future,” Mr Gallacher said.
Mr Holliday added that the report’s findings reflect a joint vision for the future.
“Port Authority will continue to play a vital role in supporting Australia’s economy and protecting our environment while putting people first. We look forward to working closely with Ports Australia, our industry partners, and the community to achieve even greater outcomes in the years ahead,” Mr Holliday said.
Image: Port Authority of NSW
