- Australian ports handle 99% of the nation’s international trade, valued at $650 billion annually.
- Ports across Australia facilitate nearly 700,000 jobs and contribute approximately $264 billion to the national economy.
- Ports in New South Wales alone support $127 billion in international trade annually, moving 203 million tonnes of cargo and facilitating 108,000 jobs in the state.
- The Port Authority emphasizes sustainable port operations while contributing to both the economic and environmental well-being of the country.
Ports Australia has published its first-ever State of Trade report, shedding light on the crucial role ports play in Australia’s economy. The report reveals that Australian ports handle 99 percent of the country’s international trade, facilitating the flow of $650 billion worth of goods annually.
Economic Contributions of Australian Ports
According to the report, ports across Australia are responsible for nearly 700,000 jobs and contribute around $264 billion to the national economy. These findings underscore the importance of ports as not only trade gateways but also vital components of the country’s economic framework.
Port Authority of NSW Praises Report’s Findings
The Port Authority of New South Wales (NSW) has welcomed the report, which highlights the essential role ports in NSW play in the Australian economy. Annually, ports in the state manage $127 billion worth of international trade and move 203 million tonnes of cargo, supporting 108,000 jobs statewide.
Philip Holliday, CEO of Port Authority of NSW, expressed pride in the organization’s contributions to Australia’s maritime sector, noting the substantial economic growth and job creation ports have driven. Over the past decade, the Port Authority has facilitated a $1 trillion contribution to the economy, promoting growth through safe and sustainable operations.
Ports as Drivers of Economic Growth
Mr. Holliday emphasized that the State of Trade report underscores the importance of ports in daily life, highlighting their role in driving trade worth hundreds of billions of dollars. He lauded Ports Australia for showcasing the significance of ports, not just as trade facilitators but as integral elements of the broader community and economy.
Ports Australia CEO Highlights Interconnectedness of Supply Chains
Mike Gallacher, CEO of Ports Australia, reiterated the essential role ports play in supporting Australia’s international trade and economic health. He pointed out that ports are critical to various industries and communities, as demonstrated by the extensive data in the report. The findings provide a roadmap for future investments and planning.
Commitment to Sustainable Growth
Reflecting on the report’s findings, Mr. Holliday expressed a joint vision for the future, reaffirming the Port Authority of NSW’s commitment to supporting the economy while protecting the environment. He stressed the importance of collaboration with Ports Australia, industry partners, and the community to achieve greater outcomes in the coming years.
Did you subscribe to our daily Newsletter?
It’s Free Click here to Subscribe!
Source: Infrastructure Magazine
