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Strong Global Economy Pulls Australian Exports Higher

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Media Release

Media release from the Australian Department of Foreign Affairs and Trade


Australia's total trade in goods and services grew strongly in 2004-05, rising rise thirteen per cent to $350.2 billion, according to a new Department of Foreign Affairs and Trade publication released today.

Composition of Trade, Australia 2004-05 shows the value of exports of goods and services rose thirteen per cent in 2004-05 to $162.3 billion, with exporters benefiting from the strongest global economic conditions in more than a decade. Robust domestic consumption and lower import prices underpinned a twelve per cent rise in imports to $187.8 billion.

A number of key exports recorded strong growth throughout 2004-05. Coal exports rose 57 per cent to $17.1 billion, iron ore exports rose 53 per cent to $8.1 billion, crude petroleum rose 23 per cent to $5.7 billion and beef exports rose 24 per cent to $4.9 billion. In services, transportation service exports rose five per cent in 2004-05, while personal travel exports (education and other personal) rose three per cent.

Japan remained Australia's largest merchandise export market, accounting for 20 per cent ($24.9 billion) of exports, followed by China ($13.0 billion) and the United States ($9.4 billion).

Composition of Trade, Australia 2004-05 provides a comprehensive analysis of the growth, direction and commodity breakdown of Australia's merchandise exports and imports in recent years, and details of services trade over a five year period.

The publication (priced at $55) 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 please contact (02) 6261 3114, or fax (02) 6261 3321 or email

The analysis and summary tables from publications are placed on DFAT's website. Orders for publications can also be placed at this site.

Contacts: Matt Anderson,
(02) 6261 1555

Last Updated: 19 September 2014
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