Frequent question: Why does Australia export so much coal?

Why does Australia use so much 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. … Coal is used in cement manufacturing, food processing, paper manufacturing and alumina refineries.

Does Australia export the most coal?

While the value of coal exports had almost doubled over the past decade, a slow-down in China’s import of Australian coal led to a sharp decline in the value in 2020. Nevertheless, coal remains one of the leading export commodities in the country.

Characteristic Value in billion Australian dollars

How much coal does Australia export?

Australia exports 77% of its Coal production (427,044,241 tons in 2016).

Is Australia the number 1 exporter of coal?

From a continental perspective, coal exported from Oceania (mostly Australia but also from New Zealand) amounted to $32.7 billion or 39.7% of worldwide coal sales.

Searchable List of All Coal Exporting Countries in 2020.

Rank 1.
Exporter Australia
Exported Coal (US$) $32,725,103,000
2019-20 -26.3%

How long will coal last in Australia?

Production and Trade

At 2016 production levels, Australia’s current recoverable EDR of black coal is expected to last 125 years.

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What countries buy Australian coal?

This premium widened in early to mid-May but has since shrunk. Australian exports continued to move to smaller markets for its coal such as Indonesia, Thailand, the Netherlands, Malaysia, United Arab Emirates, the Philippines and Pakistan, as suppliers continue to look to diversify in response to Beijing’s import ban.

Does China need Australian coal?

Australian exports account for 58% of the global seaborne trade in metallurgical coal, compared with 21% in thermal coal. In 2019–20, China took a little over a third of Australia’s premium metallurgical coal exports and Australia supplied about 55% of China’s metallurgical coal imports.

Which country is the largest exporter of coal in the world?

Indonesia remained the world’s largest exporter of coal (by weight) with total exports of 455 Mt in 2019.