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Bi-Monthly
Issue: May-Jun 2006
 
 
 

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.