Western Australia has bucked the national trend and recorded a $26.8 billion trade surplus in the 12 months to October.
Nationally, the new ABS figures show a trade deficit of $19.2billion.
Treasurer Eric Ripper said the figures highlighted the continued strength of the WA economy.
"The State's export share now stands at a massive 31.1 per cent of the national total," Mr Ripper said.
"In annual average terms, the value of our exports strengthened, rising by 21.7 per cent over the year to October to a record nominal value of $41.5billion."
The Treasurer said the Gallop Government was building a strong economy by:
maintaining a highly competitive tax regime as a percentage of GSP;
spending a record $15.8billion on capital works over four years;
fast-tracking WA's system of approving major resource projects, with a further $25million recently announced by the Premier;
making WA an attractive place to invest by maintaining the State's AAA credit rating; and
tackling skills shortages by delivering 4,000 new apprenticeships and traineeships since February.
However, Mr Ripper warned the Howard Government's continued neglect of WA's infrastructure needs was a threat to longer-term growth.
"If WA is to continue punching above its weight in the export arena, then it needs adequate infrastructure funding from the Commonwealth," he said.
"With every WA subsidising the rest of the nation to the tune of $1,500 a year, it is time for WA to get back its fair share."