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Victorian exports growing

Figures from the Australian Bureau of Statistics indicate that Victoria’s exports increased to a record high over the last financial year.

The Minister for Industry, Science and Technology, Mark Birrell said that, while exports from the rest of Australia dropped by 4% during 1998-99, Victoria’s rose by 4%.

Mr Birrell said that Victoria had recorded a 73% increase in exports between 1991-92 and 1998-99, the highest export growth of any Australian state.

The greatest growth came in the field of elaborately transformed manufactures, which recorded an increase of 109% over the seven-year period.

In that time, Victoria also doubled its exports of automotive products, equipment and pharmaceuticals.

In 1998-99 alone, Victoria exported $4-billion worth of food, including $1.9 billion in dairy products.

(News Release, Office of the Minister for Industry, Science and Technology, July 29, 1999)