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New South Wales' (NSW) share of exports to Asia has grown markedly in the last couple of years, driven largely by exports of mineral resources, particularly coal. NSW exports to other regions have grown strongly although at a slower rate.
NSW's exports to ASEAN countries continue to benefit from Australia's free trade agreements. The agreement with Singapore has been in force since July 2003, while the agreement with Thailand was implemented in January 2005. The ASEAN agreement (with Australia and New Zealand) was signed in February 2009 and entered into force for most countries in early 2010. These agreements are comprehensive, covering nearly all bilateral trade.
NSW dominates exports of professional, financial and computer and information services in Australia, reflecting its strengths as a provider of solutions and services to businesses world-wide. We are also the nation's largest provider of tourism and education related services to the international market.
The State's large manufacturing industry makes up almost a fifth of total exports. Elaborately transformed manufactures such as medicinal and pharmaceutical products, medical devices, and electrical equipment and machinery represent more than two-thirds of New South Wales’ manufacturing exports, reflecting the State’s strengths in advanced manufacturing and high-technology goods.
Mining provided more than one-quarter of NSW's exports in 2008-09, an increase of seven percentage points on its share of total State exports in 2007-08.
NSW has a significant agricultural export industry which grew strongly in 2008-09.
Suntech’s work in developing and commercialising advanced solar technology is making it possible for millions of people around the world to harness nature’s cleanest and most abundant energy resource.
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