The Port of Brisbane Pty Ltd (PBPL) provides critical export and import links to world markets. On average, it handles approximately $55 billion in international trade annually. This year PBPL commissioned Deloitte Access Economics (DAE) to quantify the economic contribution of Port of Brisbane and its supply chain to the Queensland economy.
The DAE report found that in FY22, Port of Brisbane and its supply chain contributed approximately $7.8 billion to the State economy and supported almost 63,000 jobs. This includes:
- 7,900 jobs directly supported within the Port of Brisbane precinct
- $2.7 million value added and 21 jobs supported per ship call.
The report demonstrated that PBPL is powering the Queensland economy and supporting thousands of jobs. The port is responsible for processing around 50% of Queensland’s agricultural exports and 95% of its motor vehicles and containers. Rated as the country’s third largest port, if taken geographically it is Australia’s largest capital city port, with about an 1870-hectare (ha) footprint.
Over time, its contribution will continue to grow. The DAE report found that:
- By 2032, the Port could contribute $9.9 billion in economic value added and support 80,200 jobs
- By 2050, the Port could contribute $15.4 billion in economic value added and support 124,400 jobs.
Port of Brisbane Chief Executive Officer, Neil Stephens, said the port community was crucial to the ongoing success of the Queensland economy.
“Despite a challenging year, with the pandemic, severe weather events and global supply chain disruptions all having an impact, the Port of Brisbane delivered a record year for containers (1.53m TEUs) and significant economic activity for Queensland,” Mr Stephens said.
“The resilience and commitment of all port stakeholders is crucial to that success, and we thank them all for their continued partnership.
“The Port of Brisbane is a world-class port and logistics hub with world-class people, which is why it’s a Queensland economic powerhouse, critical to the long-term growth and prosperity of this region.
“We will continue to invest in the Port’s infrastructure over the long-term, driving jobs growth and economic activity up and down the supply chain.”
Read more about the Port’s economic contribution HERE.
As we reported on 01 November, for the third year running, the Port of Brisbane has received a 5star GRESB rating – a globally recognised assessment that evaluates Environmental, Social and Governance (ESG) performance and sustainability ‘best practices’ for real estate and infrastructure funds, companies and assets worldwide.
For professional advice about all aspects of international trade and shipping, contact us here at Colless Young. As licensed Customs Brokers and International Freight Forwarders, we handle all your imports and exports, reliably and economically. We are based in Brisbane and offer a complete range of logistics services, by airfreight and sea cargo through all Australian ports and airports.
