Oil,
Coal, Minerals
Fuel
Australian export
growth
Australia's
exports continue
to grow, rising
15 per cent
in 2005. Analysis
released recently
by the Department
of Foreign Affairs
and Trade (DFAT)
shows that Australian-produced
goods were worth
$131.6 billion
(up 19 per cent)
and services
exports were
worth $35.0
billion (up
4 per cent).
The new DFAT
publication,
Exports of Primary
and Manufactured
Products, Australia
2005, provides
a comprehensive
analysis of
Australian-produced
merchandise
trade by level
of processing.
Primary Products
account for
66 per cent
of Australia's
merchandise
exports. Exports
of primary products
rose 24 per
cent to $87.1
billion in 2005,
reflecting strong
rises in fuels
and minerals
exports (both
unprocessed
and processed)
and higher processed
foods exports.
Unprocessed
fuels exports
grew 53 per
cent in 2005
to $28.1 billion,
driven by higher
commodity prices
for coal and
crude petroleum
exports. Unprocessed
minerals rose
54 per cent
to $19.3 billion
in 2005, largely
due to higher
exports of metalliferous
ores such as
iron, copper,
zinc and lead
ores.
Processed primary
products were
also higher
in 2005. Processed
food exports
rose 2 per cent
to $14.8 billion,
largely driven
by higher meat
(particularly
lamb), wine
and dairy exports,
while processed
fuel exports
rose 37 per
cent to $7.4
billion. A 12
per cent rise
in processed
minerals exports
to $4.7 billion
was mostly due
to higher alumina
exports.
Exports of manufactured
products rose
10 per cent
to $31.5 billion
in 2005. Manufactures
made up 24 per
cent of all
Australian-produced
merchandise
exports in 2005.
Within the manufactures
category, exports
of simply transformed
manufactures
(STM), which
consist of mainly
basic metal
manufactures,
rose by 9.0
per cent to
$10.8 billion.
Exports of elaborately
transformed
manufactures
(ETM), which
include sophisticated
products such
as electronic
components,
office and telecommunication
equipment, motor
vehicles and
a variety of
other machinery
and equipment,
rose by 10 per
cent to $20.7
billion.
Exports of Primary
and Manufactured
Products, Australia
2005 is part
of a series
published each
year by DFAT,
providing comprehensive
information
on Australia's
international
trade in goods
and services.
DFAT also offers
a customised
consultancy
service, producing
reports tailored
to specific
requirements.
Services
top Australian
export growth
chart
Australia's
services exports
continued to
rise in 2005,
increasing 4.0
percent to $37.2
billion, according
to a recently
released Department
of Foreign Affairs
and Trade publication,
Trade in Services
Australia 2005.
Three major
service activities
are in Australia's
top 10 exports.
Personal travel
services (excluding
education-related),
at $10.9 billion
and up 2.0 percent
on 2004, were
ranked third
after coal and
iron ore; education
services, at
$7.5 billion
and up 9.0 per
cent, were ranked
fourth; and
passenger transportation
services, at
$4.2 billion
and up 2.0 per
cent, ranked
tenth.
Other services
exports showing
significant
increases in
2005 included
engineering
services; business
and management
consultancy
and public relations
services; royalties
and licence
fees; and construction
services. Exports
of financial
services and
insurance services
were also higher
in 2005.
The United States
was the single
largest destination
for service
exports in 2005,
with exports
up 4.0 percent
to $4.4 billion.
Exports also
rose to other
major destinations
such as New
Zealand (up
9 per cent to
$2.7 billion),
China (up 19
percent to $2.5
billion), Singapore
(up 12 percent
to $2.4 billion,
and the Republic
of Korea (up
17 percent to
$1.2 billion).
Services exports
to Malaysia
and India each
exceeded $1.0
billion for
the first time,
with exports
to Malaysia
rising 8 percent
to $1.05 billion
and exports
to India rising
53 percent to
1.03 billion.
This 2005 issue
of Trade in
Services, Australia
is the first
issue presented
on a calendar
year basis and
will now be
published twice
a year, on both
a calendar year
and financial
year basis.
In addition
to the detailed
official statistics
on Australia's
trade in services
collected by
the Australian
Bureau of Statistics,
the publication
presents information
on international
student enrolments;
numbers of short-term
visitor arrivals
and departures;
tourism expenditure;
and tourism
purpose of journey
information.