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AgriGrowth Tasmania: Tasmanian Agri-Food Scorecard 2015-16

Strong export demand for beef, excellent seasonal conditions for cherry production, and reduced Norwegian and Chilean salmonid production contributed to a 12.2% growth in the value of overseas food exports to a record $686 million. The decline in interstate food sales to $2.41 billion was largely due to diversion of products into more lucrative international export markets.

Department of Premier and Cabinet: Tasmania’s Place in the Asian Century

The growth in Asia has had a substantial positive impact on the Australian and Tasmanian economies. For example, Japanese investment and commercial agreements assisted in the development of large scale export agreements, including iron ore and liquefied natural gas. The development of a wealthy, quality conscious consumer also supported the development of high-value food exports and associated branding.

TCCI: Tasmania Report 2017

The improving outlook for the world economy, as noted by both the IMF and the OECD in their most recent forecasts is a positive development for the Tasmanian economy, given that exports account for more than 12% of Tasmania’s economy.