Since then, the outlook for Australia’s exports of resource and energy commodities has "improved markedly", it said in its December report.
The department raised by A$14-billion the country's expected resource export earnings for the current financial year, which will bring earnings close to 2024-2025's A$385-billion.
While that is still shy of the immediate post COVID-era peak of A$466-billion in 2022–2023, resources export earnings remained robust in historical terms, it noted.
