MEDIA RELEASE

DEPARTMENT OF FOREIGN AFFAIRS AND TRADE
AUSTRALIA

D7

19 April 1999

New Trade Publication Shows Manufactures Still Growing

Australia continues to export more manufactures despite the impact of the Asian economic crisis. According to the Department of Foreign Affairs and Trade manufactures now contribute 30 per cent to Australia's exports of all merchandise, up from only 21 per cent a decade ago.

The details are set out in the 1997-98 edition of the Department's publication Exports of Primary and Manufactured Products, Australia, released today.

However, primary products remain the mainstay of Australia's export base. In 1997-98 the value of Australian produce exports showed a 9 per cent increase to almost $50.1 billion, representing 60 per cent of total exports, well down on the 70 per cent of a decade ago.

The new publication provides a comprehensive analysis of Australia's merchandise exports based on DFAT's own Trade Exports Classification (TREC) which focuses on the level of processing applied to Australian produce exports. Broad TREC commodity information on trade with Australia's major trading partners and regional groupings is also available for both imports and exports.

A special feature is an article on the impact of the East Asian economic crisis on Australia's merchandise trade by major TREC category to the end of January 1999.

Copies of Exports of Primary and Manufactured Products, Australia, can be purchased, for $40, by contacting the Market Information and Analysis Unit on:

phone (02) 6261 3114 or
fax (02) 62613321.

The analysis and summary tables from Exports of Primary and Manufactured Products will be placed on the Departmental website at http://www.dfat.aov.au/publications/statistics.html

Orders for the publication can also be placed at this site.

The latest available information on the East Asian economic crisis is also available from the DFAT website at
http://www.dfat.jzov.au/hot/east asia/index.html

Media Inquiries: Tony Melville / Geoff Leach 6261 1555/6