New report reveals $650 billion impact of Australian ports

A newly released report has highlighted the significant economic contribution of Australian ports, revealing a staggering $650 billion impact on the national economy. The report underscores the critical role ports play in supporting trade, economic growth, and employment across the country.

Australian ports directly and indirectly support more than 1.8 million jobs, reinforcing their importance as key drivers of both regional and national prosperity. These ports serve as vital gateways for the export and import of goods, enabling the smooth operation of supply chains and facilitating the nation’s global trade connections.

Port Authority of New South Wales CEO, Philip Holliday, emphasised the importance of ports to the country’s economic success, stating, “Our ports are fundamental to Australia’s ability to compete on the global stage. They connect Australian businesses to the world and are essential to maintaining the flow of goods and services that power our economy.”

The report also highlights the need for continued investment in port infrastructure to ensure the sector can keep pace with growing demand. With trade volumes expected to increase in the coming decades, upgrading and modernising port facilities will be essential to maintaining Australia’s competitive edge and sustaining its economic contributions.

The report identifies the environmental and technological challenges facing ports, calling for sustainable practices and innovative solutions to minimise environmental impacts while enhancing operational efficiency.

As Australia’s economy continues to evolve, ports will remain a cornerstone of its economic framework, providing critical support to industries ranging from agriculture to manufacturing and retail. With their vast economic reach, Australian ports are positioned to drive future growth and prosperity well into the 21st century.