8 February 2008
WA leads states in exports, NT grows fastest
Western Australia was the nation’s leading exporter in 2006-07, but the Northern Territory is undergoing the greatest export growth. According to a publication released today by the Department of Foreign Affairs and Trade (DFAT), Territory exports jumped 41 per cent over the year.
All states and territories recorded increases in exports compared with the previous fiscal year.
The figures are contained in Australia’s Trade by State and Territory 2006-07, one of DFAT’s series of trade analysis publications. The publication provides a complete statistical guide to exports and imports of goods and services for every state and territory on a financial year basis.
Total exports for Australia were $214 billion (up 10 per cent from 2005-06) consisting of:
- Western Australia: $66.0 billion
- NSW: $50.8 billion
- Queensland: $44 billion
- Victoria: $33.1 billion
- South Australia: $10.7 billion
- Northern Territory: $4.1 billion
- Tasmania: $4 billion and
- Australian Capital Territory: $960 million.
The figures highlight the significance of services exports by all states and territories. For instance, education services to foreign students were key exports in NSW ($4.3 billion), Victoria ($3.5 billion), Queensland ($1.6 billion) and South Australia ($648 million).
Overall, education services were worth $11.7 billion – or 25 per cent of Australia’s total services exports of $46 billion.
Northern Territory exports have jumped as a result of significant natural gas exports coming on stream (up 267 per cent to $1.2 billion). Crude petroleum exports from the Northern Territory also increased 20 per cent to $676 million.
China was the top export destination for NSW, Victoria and WA, while Japan was the main market for Queensland, Tasmania and the Northern Territory. The US was the number one export destination for South Australia and the ACT.
Imports rose by 8 per cent to $225 billion. NSW was the largest importing state followed by Victoria, Queensland and WA.
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