Tuesday , 17 September 2019
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Strong economic conditions in Australia, and in many of its major trading countries, have led to record-breaking performances in both container and total trade volumes through the Port of Brisbane in 2006/2007.

Booming Brisbane

The port’s year end results reported that Brisbane’s container trade hit an all-time high of 875,069 teu (up 14.2% or 108,769 teu) with Brisbane eclipsing the growth through the ports of Melbourne and Sydney.

Import and export container trade recorded strong increases of 13.7% and 14.7% respectively. These significant increases were largely due to increased imports of retail products (up 14.5% to 169,468 teu), exports of empty containers (up 30.8% to 170,925 teu), and transhipped container trade, which increased dramatically by 79.2% to 45,148 teu. Exports of metal manufactures also increased by a massive 94.5% to 9,664 teu.

Both imports and exports of timber recorded strong growth (up 13.5% and 11.2% respectively).

These positive figures compensated for decreases in exports of cereals (down 57.4% to 356,061 tonnes), and cotton and cotton seed (down 52.7% to 75,390 tonnes), which continue to struggle in the face of severe prolonged drought conditions.

Overall, Brisbane’s share of the east-coast container market again increased by 0.6% to 19.1%.

Following the national trend, Queensland motor-vehicle sales remained strong throughout the year, leading to a substantial rise in motor-vehicle imports of 16.1% to reach a total of 204,386 units (including transhipments).

Total tonnage reached its highest growth rate in five years, up 4.9%, or 1.3m tonnes, to 28.1m tonnes. Exports increased by 1.9% or 229,000 tonnes, to reach 12m tonnes, and total imports recorded a notable rise of 7.3%, or 1.1m tonnes, to reach 16m tonnes.

These results are extremely positive, considering the significant effects of prolonged drought conditions on key agricultural trades.