Media Release from the Australian Department of Foreign Affairs and Trade
D6 - Wednesday, 21 May 2003
Goods exports rise despite challenges
Despite slow world growth and the drought in Australia, the volume of Australia’s merchandise exports rose one per cent last year.
Publications released by the Department of Foreign Affairs and Trade today highlight the highs and lows experienced by Australia’s exporters during 2002.
Composition of Trade, Australia 2002 reveals that while the value of Australia’s exports of goods and services declined by two per cent, there were a number of high performing export items and markets. Wine exports were up 21 per cent to $2.3 billion and motor vehicle parts rose 18 per cent to $1.1 billion. Exports rose in three of Australia’s top five markets –Korea, China and New Zealand - as did exports to the United Kingdom.
Exports of Primary and Manufactured Products, Australia 2002 shows exports of manufactured goods made up 28 per cent of all merchandise exports last year. In particular, exports of sophisticated Elaborately Transformed Manufactures (ETMs) such as scientific apparatus, civil engineering and electronic equipment, and motor vehicles and parts, grew in key markets China and Korea by 18 per cent and 8 per cent respectively.
Composition of Trade (priced at $48) provides a comprehensive analysis of the growth, direction and commodity breakdown of Australia's merchandise exports in recent years, as well as overall details of services trade over a five year period.
Exports of Primary and Manufactured Products (priced at $35) focuses on the level of processing of export commodities, providing a 10-year analysis.
These publications are part of a series published each year by the Department, providing comprehensive information on Australia’s international trade in goods and services. For copies of publications, contact (02) 6261 3114, or fax (02) 6261 3321.
In addition to publications, the Department also offers a customised consultancy service, producing reports tailored to specific requirements. For further information contact the Enquiries Manager on (02) 6261 3186, or Fax (02) 6261 3321.
The analysis and summary tables from publications are placed on the Department’s website. Orders for publications can also be placed at this site.
Contact: Nicole Guihot, DFAT Media Liaison on 02 6261 1555