Media release from the Australian Department of Foreign Affairs and Trade

D21 / Tuesday, 30 October 2001

Trade and Investment in the APEC Region

Australian exports of merchandise to APEC countries grew by 23 per cent during 2000-2001.

Highlights of Australia's trade with other APEC economies are contained in the Department of Foreign Affairs and Trade publication The APEC Region Trade and Investment, 2001, released today.

The publication contains details of trade between APEC economies in both merchandise and services.  It also compares major economic indicators of each of the APEC members, including unemployment, inflation and output.

APEC members accounted for 73 per cent of Australia's exports during 2000-01.

Over the last decade, merchandise exports to APEC have grown at an average annual rate of seven per cent while the 10-year average growth rate for exports of services has been 11 per cent.

In 2000-01, principal Australian exports to APEC members included crude petroleum, coal, aluminium, iron ore and beef.  Exports of all of these items rose significantly during the year.  Exports of manufactured items to APEC economies also performed strongly, rising by 17 per cent during the year.

The largest APEC markets for Australian exports were Japan, accounting for $23.5 billion, followed by the United States, which accounted for $11.7 billion, and Korea, where exports were valued at $9.2 billion.  Thirty seven per cent of Australia's export income came from these three countries in 2000-01.

Copies of the publication can be purchased for $48 by contacting the Market Information and Analysis Unit on Ph (02) 6261 3114 or Fax (02) 6261 3321.

An extract from the report will be available on the Department's website at www.dfat.gov.au/publications/statistics.html  Orders for the publication can also be placed on the website.

Media enquiries:

Nicole Guihot, DFAT Media Liaison, 02 6261 1555