SUBSCRIBE TO OUR FREE NEWSLETTER
PUBLISHED |

Australian trade expanding despite trade climate

Author:
Australian trade expanding despite trade climate article image
Australian trade has been expanding despite international trade slumps, says new documents released by the Department of Foreign Affairs and Trade (DFAT). Trade with East Asia grew in 2011 by 11 percent on 2010 figures says the new DFAT reports. The Americas also increased their trade with Australia by 10 percent from 2010. Though Europe is in the midst of an economic crisis, trade with the continent increased by 6 percent. This rise was led not only by commodity exports but also thr growth in export of high end manufactured goods. Exports to Europe of 'jewellery, measuring instruments and other so-called elaborately transformed manufactures' were up by 10 percent to $322 million. These three areas, East Asia, the Americas and Europe combined accounted for 82 percent of Australia's international trade, while East Asia alone accounted for 55 percent of total trade. These figures were released as part of a series of trade publications released annually by DFAT.

Tags

Leave A Comment

Spinning icon Saving your comment, please wait...
Spinning icon Saving your comment, please wait...