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Alex Joiner, chief economist at IFM Investors, posted the following chart on X (Twitter) illustrating the massive difference in goods (merchandise) exports between NSW and Victoria.
Chart by Alex Joiner (IFM Investors)
As you can see, NSW goods exports have boomed over the past five years, driven by coal, which is the single largest export:
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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness.
Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.
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