Strong Resources Sector Leads to Record Australian Exports
Media release from the Australian Department of Foreign Affairs and Trade
A 10 per cent rise in goods and services exports in the June quarter marked a record year for Australian exports in 2004-05 in both value and volume terms.
Exports rose for the eighth consecutive quarter reaching $43.9 billion in the June quarter, with exports buoyed by higher prices received for coal, iron ore and crude petroleum.
The export results are contained in the June quarter 2005 issue of Trade Topics: A Quarterly Review of Australia's International Trade, released today by the Department of Foreign Affairs and Trade (DFAT).
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.
The June quarter 2005 issue of Trade Topics features a number of articles on Australia's recent export performance, including one on Australia's Terms of Trade, which is currently at its most favourable for 31 years, and an article on recent trade trends with the East Asia region, which accounts for nearly half of Australia's trade in goods and services.
An article on Australia's liquified natural gas (LNG) export industry describes the tremendous growth the LNG industry has enjoyed over the past several years and its strong future in the years ahead.
Other articles focus on: the impact on the textile and clothing sector of the end of the WTO's Agreement on Textiles and Clothing; the APEC Forum and its role in trade and investment liberalisation; and US multinationals in Australia and their importance to the further internationalisation of the Australian economy.
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 (priced at $95 for an annual subscription and published quarterly) is one of a series of trade publications published each year by DFAT. Copies can be purchased through the Market Information and Analysis Section (ph 02 6261 3114, fax 02 6261 3321 or email email@example.com). The analysis and summary tables from publications, and an order form, are available at: www.dfat.gov.au/publications/statistics.html.
Contacts: Nicole Guihot
(02) 6261 1555