In 2019, Australia exported $64 billion worth of coal. Japan was Australia’s largest customer, accounting for 27 per cent of our total coal exports (worth $17 billion).
How much money does Australia make from exporting coal?
In financial year 2019, the export value of coal from Australia was approximately 69.6 billion Australian dollars. The value of coal exports had almost doubled over the past decade, with coal being one of the leading export commodities in the country.
Where does Australia export coal to?
Outside China, Australia’s major thermal coal customers are Japan and South Korea, which present a more positive picture for Australian coal miners. Australia’s exports to Japan have picked up slightly in recent months, with October’s 8.3 million tonnes and September’s 8.45 million being the best since March.
How many tonnes of coal does Australia export?
In 2016, Australia was the biggest net exporter of coal, with 32% of global exports (389 Mt out of 1,213 Mt total). It was still the fourth-highest producer with 6.9% of global production (503 Mt out of 7,269 Mt total). 77% of production was exported (389 Mt out of 503 Mt total).
How much coal does Australia produce?
Who is the largest exporter of coal?
Searchable List of All Coal Exporting Countries in 2019RankExporter2018-91.Australia-5.9%2.Indonesia+4.1%3.Russia-6.1%4.United States-19.2%Ещё 6 строк
Who is the biggest buyer of Australian coal?
Which country has the best quality coal?
Experts told Fact Check that Australia’s coal is on average high quality as a result of its low moisture and ash content, and high carbon content, compared with other countries, particularly Indonesia, the largest coal exporter in the world.
What is Australia’s biggest export earner?
What countries buy Australian coal?
Australia’s coal exports 2019: thermal & metallurgical coalCountry% of exports1Japan272China213India164Republic of Korea11Ещё 8 строк
Does coal have a future?
The current administration favors coal, but that policy may not continue in future administrations. Displacing coal-fired power generation is a very cost-effective way to reduce U.S. energy-related greenhouse gas emissions, and thus could be targeted by a future administration more concerned about climate.
What country has the most coal?
Countries with the biggest coal reserves
- United States of America – 250.2 billion tonnes. …
- Russia – 160.3 billion tonnes. …
- Australia – 147.4 billion tonnes. …
- China – 138.8 billion tonnes. …
- India – 101.3 billion tonnes. …
- Indonesia – 37 billion tonnes. …
- Germany – 36.1 billion tonnes. …
- Ukraine – 34.37 billion tonnes.
How long will Australia’s coal last?
Why does Australia rely on coal?
Coal is primarily used as a fuel to generate electricity and in Australia is used to produce about 80% of the nation’s electricity requirements. … These early coal mining activities made a significant contribution to the progress of European settlement in Australia.
Who owns the coal mines in Australia?
Australia’s top three coal producers, Glencore, BHP and Yancoal, recorded hefty profits last year from coking and thermal coal. These three companies control well over half of Australian black coal production and all have said they are enjoying great cash margins (reflecting profit after operating costs) of about 45%.
Does Australia use coal for electricity?
Australia’s primary energy consumption is dominated by coal (around 40 per cent), oil (34 per cent) and gas (22 per cent). Coal accounts for about 75 per cent of Australia’s electricity generation, followed by gas (16 per cent), hydro (5 per cent) and wind around (2 per cent).