Exports of Australian Manufactures Rebound
Media release from the Australian Department of Foreign Affairs and Trade
Australia's exports rose 13 per cent in 2004-05 to $161.7 billion according to analysis released today by the Department of Foreign Affairs and Trade (DFAT).
Australian produced goods were worth $119.6 billion, re-exports $7.1 billion and services exports worth $35.0 billion.
The new DFAT publication, Exports of Primary and Manufactured Products, Australia 2004-05, provides a comprehensive analysis of Australian-produced merchandise trade by level of processing.
Exports of manufactured products rose seven per cent to $29.7 billion in 2004-05. Manufactures made up 25 per cent ($29.7 billion) of all Australian-produced merchandise exports in 2004-04. Within the manufactures category, exports of simply transformed manufactures (STM), which consist of mainly basic metal manufactures, rose by seven per cent to $10.2 billion. Exports of elaborately transformed manufactures (ETM), which include sophisticated products such as electronic components, office and telecommunication equipment, motor vehicles and a variety of other machinery and equipment, also rose by seven per cent to $19.5 billion.
Exports of primary products rose 24 per cent to $77.4 billion in 2004-05, a strong recovery from the six per cent decline recorded in 2003-04. The rise was mainly due to strong rises in fuels and minerals exports (both unprocessed and processed) and processed foods.
Unprocessed fuels exports grew 47 per cent in 2004-05 to $22.8 billion, driven by higher commodity prices for coal and crude petroleum exports. Unprocessed minerals rose 39 per cent to $15.3 billion in 2004, largely due to higher exports of metalliferous ores such as iron, zinc, copper and lead ores.
Strong rises in processed primary products were also recorded in 2004-05. Processed food exports rose 12 per cent to $14.9 billion, largely driven by higher beef, wine and dairy exports, while processed fuel exports rose 33 per cent to $6.4 billion. A 16 per cent rise in processed minerals exports to $4.5 billion was mostly due to higher alumina exports.
Exports of Primary and Manufactured Products, Australia 2004-05 (priced at $43) is part of a series published each year by DFAT, providing comprehensive information on Australia's international trade in goods and services. DFAT also offers a customised consultancy service, producing reports tailored to specific requirements. For further information contact (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.
Matt Anderson, DFAT Media Liaison, (02) 6261 1555