Media Release

16 October 2007

Exports continue to grow in the June quarter

The value of exports of goods and services rose 0.5 per cent to $54.6 billion in the June quarter 2007. This was the 16th consecutive quarterly rise in export values and followed rises of 1.2 per cent in March and 0.4 per cent in December 2006. Export volumes rose 0.8 per cent while prices received fell 0.3 per cent.

For the 2006-07 financial year, exports rose 10 per cent to $216 billion. Export volumes rose 4 per cent, while export prices increased 6 per cent.

Australia’s trade performance is highlighted and analysed in the Spring 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 Spring 2007 issue of Trade Topics features a number of trade-related articles. The issue leads with an article highlighting the strengthening of the Asia-Pacific Economic Cooperation medium-term work agenda on trade and investment arising from the recently-held APEC Leaders’ and APEC Ministerial meetings in Sydney. There is also an article on recent world trade trends. The final article looks at Australia’s diamond trade and the United Nations-backed Kimberley Process Certification (KPCS) Scheme, which was established to curb the illicit trade in ‘conflict diamonds’. Australia is a founding member of KPCS and implements its obligations through customs legislation and regulations.

Trade Topics, brings together a range of statistical information produced by Australian government agencies and international organisations, together with analysis of the latest trade developments, designed to keep Australians informed of market conditions and trends. 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. Full electronic versions of the publications are now available free-of-charge on the departmental website at www.dfat.gov.au/trade. An option to purchase hard copies of the publications is also available at the website.

Media Inquiries:  DFAT Media Liaison on 02 6261 1555