Australia records rise in trade
The total value of Australian goods and services rose 14.6 percent in the 2008/09 financial year, according to the Department of Foreign Affairs and Trade publication Composition of Trade Australia 2008-09.
Worth $563.7 billion, trade for the year consisted of a rise in export volume of 1.8 percent, but a rise in value of 21.9 percent. Imports recorded a fall 2.5 percent.
Australia’s top two-way trading partners in 2008/09 were China ($83 billion), Japan ($75.3 billion) and the United States ($53.1 billion), with Japan our largest export market, accounting for $55 billion of total exports, a rise 46.7 percent.
Out top three exports were all commodities: coal ($54.8 billion), iron ore and concentrates ($34.2 billion) and gold ($17.5 billion).
See the DFAT website for analyses and tables from the publications or order the hard copy report.
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