Australia's Trade Performance in 2013
Australia recorded a trade deficit of $10.2 billion in 2013, a $13.4 billion reduction on the deficit of $23.6 billion in 2012.
By Value – Australia's Exports
The growth in the value of Australia's goods and services exports over the past five years has slowed to 4.1 per cent per annum, driven by a drop in prices for Australia's metals ores, minerals and coal. This despite a growth in export volumes. The value of minerals and fuels exports has increased by 8.0 per cent to $157.2 billion in 2013.
Australia's top three exports were iron ores and concentrates ($69.5 billion), coal ($39.8 billion) and education-related travel services ($15.0 billion).
In financial year 2012-13 tourism industry exports rose 5.7 per cent to $27.0 billion.
Exports of goods and services (a)
By Value – Australia's Imports
The value of Australia's goods and services imports grew on average 4.0 per cent per annum over the past five years.
Manufactured products accounted for 52.6 per cent of total imports. Since 2008, manufactured products have increased 2.4 per cent per annum.
Australia's top three imports in 2013 were personal travel excluding education services ($24.7 billion), crude petroleum ($20.2 billion) and passenger motor vehicles ($18.3 billion).
Imports of goods and services (a)