Bree reported on Thursday that Australia’s resources and energy exports reached a record of 190-billion in 2011, up by 15% on the previous year, the Bureau of Resources and Energy Economics.
Australian exports for mineral resources increased by 14% in 2011, compared with 2010, while export prices for metals and other minerals increased by 9%. The export unit returns for energy commodities increased by 20%.
Commodities that recorded significant declines in export earnings in 2011 included iron and steel, down 22% to A$1.1-billion, liquefied petroleum gas, down 10% to A$969-million; and refined silver, down 39% to A$144 million.
Bree reported that Australian production of energy and mineral resources was mixed in 2011 with increases in iron-ore, copper and nickel offset by lower output of coal and oil.
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