Western Australia produced over 50% ($69.5 billion) of all Australian mineral and petroleum sales, which made up 88% of the state's merchandise exports in 2015-16. In 2018–19, gold was ranked third in the list of resources exported by Western Australia with regard to value, behind iron ore and petroleum, with a value of A$11.9 billion. The state produced 7.5 million troy ounces of gold, or 211 tonnes, 7% of world production. During 2018–19 the Western Australian gold mining industry directly employed 31,002 people. The average gold price was US$1263.82 (A$1772.12) per ounce.