Botany buoyant after trade growth

Port Botany trade figures are up, with increase in exports and imports shattering last year's figures

March 8, 2010

Port Botany trade volumes boomed in January this year, as increased exports and imports exceeded the figure set the same time in 2009.

Latest figures from the port say container volumes grew 10.7 percent, which Ports and Waterways Minister Paul McLeay says is then fourth consecutive monthly record in Sydney Port’s container trade history.

He says overall trade performance has increased 2.1 percent based on the same period last year, while key exports came from paper, chemicals and timber.

"Full containerised exports grew by 4.8% in January 2010 compared with the same period last year, demonstrating that the Australian economy – unlike other areas of the developed world which experienced severe recession – escaped relatively unscathed from the global financial crisis," McLeay says.

Paper products jumped by 36.5 percent, timber rose 39.6 percent and chemicals were up 14.7 percent.

Full imports increased 7.8 percent on the same period last year, with Mcleay saying the key commodities were textile fabric, chemicals, paper products and non-metallic minerals such as glassware and ceramic tiles.

McLeay attributed the 44.4 percent growth in textile fabric to the tariff reduction introduced.

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