Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


Australia's Automotive Exports Reach New Record

Australian Minister for Trade, Mark Vaile, and the Minister for Industry, Science and Resources, Senator Minchin today announced that Australian automotive exports increased almost 36% last financial year to a record $3.8 billion.

Mr Vaile welcomed the export figures and the important contribution that the automotive sector was making to Australia's export performance.

"Vehicle exports increased by 41% last financial year, with the Middle East's Gulf region cementing its position as the main export destination for Australian-made cars. Vehicles worth over $700 million were exported to Saudi Arabia alone," Mr Vaile said.

"The Coalition Government's Automotive Trade Strategy acknowledges that the future viability of the Australian automotive industry depends upon achieving global integration through trade linkages and investment. The substantial increase in automotive exports is a clear sign that the Strategy is being backed, where it counts, in the marketplace."

Senator Minchin said the Government, working in close consultation with the industry, was encouraging the development of a prosperous and internationally competitive automotive sector in Australia.

"The global competitiveness of the auto industry is highlighted by its strong export growth to New Zealand. Although a relatively small market, it is highly competitive with cars imported tariff-free from around the world. In the past 12 months Australian auto exports to NZ increased by 23% to $562 million," Senator Minchin said.

The US remained the leading export market for auto components (over $470m), followed closely by component exports to Korea and Japan. Overall components exports increased 29% last financial year. Auto products now rank ahead of the traditional export commodities of wheat, wool and beef, and just behind iron ore.

For more information see and

See also

© Scoop Media

Business Headlines | Sci-Tech Headlines


I Sing The Highway Electric: Charge Net NZ To Connect New Zealand

BMW is turning Middle Earth electric after today announcing a substantial contribution to the charging network Charge Net NZ. This landmark partnership will enable Kiwis to drive their electric vehicles (EVs) right across New Zealand through the installation of a fast charging highway stretching from Kaitaia to Invercargill. More>>


Watch This Space: Mahia Rocket Lab Launch Site Officially Opened

Economic Development Minster Steven Joyce today opened New Zealand’s first orbital launch site, Rocket Lab Launch Complex 1, on the Mahia Peninsula on the North Island’s east coast. More>>


Marketing Rocks!
Ig Nobel Award Winners Assess The Personality Of Rocks

A Massey University marketing lecturer has received the 2016 Ig Nobel Prize for economics for a research project that asked university students to describe the “brand personalities” of three rocks. More>>


Nurofen Promotion: Reckitt Benckiser To Plead Guilty To Misleading Ads

Reckitt Benckiser (New Zealand) intends to plead guilty to charges of misleading consumers over the way it promoted a range of Nurofen products, the Commerce Commission says. More>>


Half A Billion Accounts, Including Xtra: Yahoo Confirms Huge Data Breach

The account information may have included names, email addresses, telephone numbers, dates of birth, hashed passwords (the vast majority with bcrypt) and, in some cases, encrypted or unencrypted security questions and answers. More>>


Rural Branches: Westpac To Close 19 Branches, ANZ Looks At 7

Westpac confirms it will close nineteen branches across the country; ANZ closes its Ngaruawahia branch and is consulting on plans to close six more branches; The bank workers union says many of its members are nervous about their futures and asking ... More>>

Interest Rates: RBNZ's Wheeler Keeps OCR At 2%

Reserve Bank governor Graeme Wheeler kept the official cash rate at 2 percent and said more easing will be needed to get inflation back within the target band. More>>


Get More From Scoop

Search Scoop  
Powered by Vodafone
NZ independent news