The main contributors to the rise were:
- Metalliferous ores and metal scrap (+25.5%), driven by the increase in demand for iron ore from China.
- Coal, coke and briquettes (+25.2%), driven by surging global demand for thermal and coking coals.
- Gas, natural and manufactured (+3.5%), due to the rise in oil-linked contracts capturing the continued oil price rises in late 2021.
- Petroleum, petroleum products and related materials (+27.4%), 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 42.6%. The main contributors were:
- Coal, coke and briquettes (+225.6%), and
- Gas, natural and manufactured (+125.1%).