Australian Bureau of Statistics data released today reveals South Australian merchandise exports recorded its lowest monthly export figures in almost four years and the lowest July since 2009.
Shadow Minister for Investment and Trade Tim Whetstone said given the importance of exports to the economy, South Australia must perform better to regain vital national share of the market.
“Under the Weatherill Labor Government the South Australia economy is stuck in low gear and exports are stagnant,” Mr Whetstone said
“When the State Liberals were last in government South Australia punched above its weight delivering 7 per cent of the nation’s exports. Under Labor, that share of Australian exports has fallen to just 4.7 per cent..
“With only $11.4 billion in merchandise exports in the past twelve months, Labor is well behind its own economic priority target of $18 billion in goods and services exports by 2017.
“Under the Rann Government, the plan was to deliver $25 billion in exports by 2013, that was then revised to 2014 and then 2020.The fact is Labor will not get anywhere near either its 2017 or 2020 targets.
“How can we trust the Minister for Trade and this Labor Government to achieve what they say they will when they constantly fail to reach their own goals?
“Overseas offices have been closed under Labor and there is a distinct lack of permanent presence on the ground with many of our important trading partners.
“With the collapse of so many businesses South Australia is now more reliant than ever on exports to grow our economy and create jobs and we should be doing far better on a national stage than our current performance.”