Port trade grows on back of key commodities

Port Botany trade grows, as key commodities boost the number of imports and exports to new monthly record

October 11, 2010

Trade at Port Botany continues to grow, as key commodities boost the number of imports and exports to a new monthly record.

Cotainer trade for the month hit 181,000 Twenty Foot Equivalent Units (TEU) – a 16.5 increase on the same time last year. Containerised imports for August increased by 13.6 percent based on the same period last year, with textile fabric climbing by 157.3 percent.

Chemicals grew by 22.4 percent, alongside a 35.4 percent rise in paper products. Containerised exports in August were up 7.8 percent based on the same time last year.

NSW Ports and Waterways Minister Eric Roozendaal says the figure has been driven by a 26.7 percent increase in chemical exports, a 90.4 jump in textile fibres and a 112.5 percent rise in cotton.

"This is impressive growth and good news for the people of NSW. These continuing record figures are yet another sign of the strength of the NSW economy," Roozendaal says.

August container trade overall increased by 16.5 percent based on previous year’s figures.

East Asia, South East Asia and Europe were the leading import regions, accounting for 78 percent of total container imports.

Roozendaal says container trade at Port Botany has eclipsed Brisbane and Melbourne based on the figures from last financial year.

He says Botany recorded an 8 percent growth over the previous year, compared to Brisbane and Melbourne which recorded 2.6 percent and 2.7 percent respectively.

"Port Botany continues to outperform other major Australia container ports," Roozendaal says.

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