12 April 2007
All Export Sectors Expanded in 2006
Exports in all sectors grew in 2006 with minerals and fuels exports leading the way, up 21 per cent in value (to $21.3 billion). Exports of manufactures were up 14 per cent (to $42.1 billion) and service exports 8 per cent (to $43.8 billion). Rural exports grew 6 per cent (to $26.2 billion) despite the impact of the drought.
Overall, the value of Australia’s exports of goods and services rose to $210 billion in 2006, a 16 per cent rise on 2005. Exports volumes rose 3 per cent, while prices received rose 12 per cent.
Australia’s strong export performance is highlighted in the Autumn 2007 issue of Trade Topics: A Quarterly Review of Australia’s International Trade, released today by the Department of Foreign Affairs and Trade (DFAT).
The Autumn 2007 issue of Trade Topics also features a number of trade-related articles. They include an article on Australia’s role in hosting the Asia Pacific Economic Cooperation (APEC) forum this year, the largest and most significant meeting of world leaders ever held in Australia. There is also an article on the strong Australian exports performance to Japan in recent years and the potential gains from a free trade agreement. Another article focuses on trade facilitation, its economic significance and its important role in broadening trading relationships. It is a key part of APEC’s work, has been under negotiation in the Doha Round, and is a significant element of Australia’s bilateral trade relations. The final article highlights the conclusion of a recent report by DFAT’s Economic Analytical Unit on the emerging opportunities for Australian services providers in India’s services-led growth.
Trade Topics consolidates a range of statistical information produced by Australian government agencies and international organisations and provides analysis of latest trade developments and issues of significance to Australia. Trade Topics includes quarterly and annual data on Australia’s trade in goods and services by commodity, market, level of processing, and State and Territory as well as selected macroeconomic, commodity price and investment information.
The publication is one of a series of trade publications published each year by DFAT. Copies can be purchased through the Market Information and Analysis Section (ph 02 6261 3114, fax 02 6261 3321 or email firstname.lastname@example.org). The analysis and summary tables from publications, and an order form, are available at: www.dfat.gov.au/publications/statistics.html.
Media Inquiries: DFAT Media Liaison on 02 6261 1555