“The five-year forecasts on Australian resource and energy production and exports have therefore been delayed until around the end of June 2026 to allow a clearer picture to emerge on the geopolitical, economic and trade backdrop,” the spokesperson from the Department of Industry, Science and Resources (DISR) said.
The publication typically covers Australia’s historic, current and expected exported volumes and value of its major commodities while looking at wider global demand drivers, or new sources of demand.
Its forecasts are inputs for the federal budget, which is due in May.
Canberra published its last REQ in mid-December which forecast export earnings from mining and energy would fall five per cent to AU$369 billion ($260.48 billion) in 2025-26 year-on-year, with a further fall to AU$354 billion the following year.