2021-12-13 GC Agenda - Item 9 - Attachment 2-Noosa Economic Plan Review Update Report 2021

                                            NOOSA LEP REVIEW - ECONOMIC ANALYSIS REPORT - Draft Report


3.3        Trade
In terms of inter-regional trade, the sectors providing the most exports are accommodation and
food services as well as retail trade, which demonstrates the strength of the local tourism industry.
Sectors requiring the most imports into the region are manufacturing, financial services, public
administration and healthcare, which is representative of the relatively small nature of Noosa and its
inherit lack of large, sophisticated supply chains across multiple industries.
Figure 3.7: Regional Trade by Industry, Noosa, 2019-20
             Accommodation and Food Services
                                     Retail Trade
                                  Manufacturing
                                Wholesale Trade
                          Education and Training
         Rental, Hiring and Real Estate Services
               Health Care and Social Assistance
             Transport, Postal and Warehousing
 Professional, Scientific and Technical Services
                    Arts and Recreation Services
                Financial and Insurance Services
                                          Mining
                                  Other Services
                Agriculture, Forestry and Fishing
           Administrative and Support Services
  Information Media and Telecommunications
                                                                                          Exports
                Public Administration and Safety
                                    Construction                                          Imports
     Electricity, Gas, Water and Waste Services

                                                    $0   $200   $400        $600   $800        $1,000
                                                                       $M
Source: economyID (2021).



 Understanding Trade Flows
 Analysis of trade flows (i.e. exports and imports) provides insights into important sectors locally
 that not only benefit from local revenue but generate revenue from outside of the area (i.e.
 exporters). Similarly, analysis of large import sectors can help to identify potential sources of
 future local growth, if the product or service can be delivered locally.




                                                                                                        10