Government tips resources exports to rise amid falling prices

The Bureau of Resources and Energy Economics says Australia's resources exports are expected to grow over the next year despite falling prices.

In a statement yesterday BREE said while prices were expected to cool from "historic highs" last year exports in bulk commodities were still "growing rapidly".

BREE said the largest increases were forecast for LNG (21 per cent), thermal coal (14 per cent), metallurgical coal (12 per cent) and copper (10 per cent).

Overall resources and energy export earnings are tipped to reach $189 billion in 2012-13, with iron ore exports also growing eight per cent to over 500 million tonnes.

In releasing the data BREE executive director Quentin Grafton said "further declines" were expected in commodity prices over the medium term.

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