Trade success in Australia's states and territories
Trade figures released today show Australia's export growth extends well beyond resource-rich states, with exports from Victoria up by 5.2 per cent and from the ACT up by 5 per cent in financial year 2011-12, compared with 2010-11.
Wheat led the growth in exports from Victoria, up 61.5 per cent in 2011-12. Services accounted for the main growth in exports from the ACT, up 8.6 per cent. Recreational and education-related travel drove the increase.
Western Australia still accounted for the biggest share of total exports – 40 per cent – with iron ore leading. The state's total exports grew 7.2 per cent year on year. Coal dominated exports from New South Wales, where exports overall were up nearly 8 per cent. Queensland's exports grew by 6 per cent, led by strong growth in coal and cotton.
Western Australia's imports grew by 28.8 per cent and Queensland's by 19.5 per cent. Both states' imports were led by civil engineering equipment, which rose by 77.2 per cent in Queensland and tripled in Western Australia. Construction and mining machinery imports to Western Australia alone grew to $1.1 billion in 2011-12, from $15 million the previous year.
Australia's Trade by State and Territory 2011-12 provides a complete statistical guide to exports and imports of goods and services for each state and territory on a financial year basis. It is part of a series published each year by the Department of Foreign Affairs and Trade, providing a detailed account of Australia's international trade in goods and services.
The Department also offers a customised consultancy service, and produces reports tailored to specific requirements. For further information please contact (02) 6261 3047, fax (02) 6261 3321 or email email@example.com.
The analyses and tables from the publication are available without charge on the Department of Foreign Affairs and Trade website.