The main contributors to the rise were:
- Coal, coke and briquettes (+32.0%), driven by surging global demand for thermal and coking coals.
- Metalliferous ores and metal scrap (+25.5%), driven by the increase in demand for iron ore from China.
- Gas, natural and manufactured (+13.0%), due to the rise in oil-linked contracts capturing the continued oil price rises in late 2021.
- Petroleum, petroleum products and related materials (+27.5%), driven by strong global oil demand and supply constraints.
- Gold, non-monetary (+4.8%), through increased demand for the safe-haven commodity due to growing international inflationary pressures and economic uncertainty surrounding the Russia-Ukraine conflict.
Through the year, the Export Price Index rose 46.7%. The main contributors were:
- Coal, coke and briquettes (+243.4%), and
- Gas, natural and manufactured (+145.8%).