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- 140 - operations that leave them essentially unchanged’. The remainder of total exports is Australian produced. The distinction between the two categories has most relevance in the analysis of Elaborately Transformed Manufactures (ETM), where re-exports represent a significant proportion of total exports. In this publication, data for Total exports and Australian produced exports have been included in Section 4 Australia merchandise trade by level of processing. Forecasts of cane sugar exports For many years, export trade data for Raw cane sugar and Non-industrial diamonds has been excluded from the monthly merchandise trade data set published by the Australian Bureau of Statistics (ABS), and only separately released on a quarterly basis. The diamond data is available up to the most recent quarter, although the Raw cane sugar data is released after a six month lag. In this publication ABS actual Raw cane sugar data was available up to the March quarter 2014. DFAT statistical products now incorporate the export data for Raw cane sugar and Non-industrial diamonds into its calendar and financial year tables. This provides a more complete trade data set for enhancing trade data analysis. To overcome the data lag for Raw cane sugar exports, DFAT has estimated data for the June quarter 2014 for these exports using data from the Australian Bureau for Agricultural and Resources Economics and Sciences (ABARES) and partner-country import data from Australia’s major Raw cane sugar export markets. Tourism Satellite Account A satellite account provides an expansion of Australia’s national accounts for a selected area of interest, in this case tourism. The Tourism Satellite Account (TSA) provides a means by which the economic aspects of tourism (including cross border activity) can be analysed separately from the main national accounts The concepts used in Australia’s TSA are based on international standards set out in the United Nations World Tourism Organization – The Tourism Satellite Account Recommended Methodological Framework 2008. The term ‘tourism’ in these international standards is not restricted to leisure activity. It also includes travel for business, education and other reasons. The central statistical entity in these tourism statistics is the ‘visitor’. The standards define a visitor as a traveller taking a trip to a destination outside their usual environment for less than one year for any purpose other than to be employed by the resident country or place visited. For more information regarding the TSA please refer to the ABS publication: Tourism Satellite Account, Australian National Accounts (catalogue 5249.0). ABS Chain volume measures To enable analysis of the movements of goods and services in ‘real’ terms, estimates of chain volume measures are presented in Table 1 and 3 in this publication. Estimates of ‘real’ growth are compiled by the ABS, using chain volume measures. Chain volume measures are derived by deflating the original current price series by specifically compiled measures of price change. The reference year for chain volume measures is the year prior to the latest complete financial year incorporated into the publication. The reference year is updated with the completion of estimates for each financial year. Prior to the reference year, chain volume measures are not additive, in that the component chain volume measures of an aggregate will not add through to the chain volume measure of the total aggregate. For further information on chain volume measures refer to the ABS publication: Information paper, Australian National Accounts, Introduction of Chain Volume and Price Indexes (ABS catalogue 5248.0). Implicit price deflator (IPD) The IPDs used in this publication are derived by dividing current price series by the corresponding chain volume measure. Terms of trade The terms of trade shows a country's export prices relative to its import prices. A rise in the index implies an improvement in a country’s terms of trade, enabling it to purchase more imports from the same amount of exports.
- 141 - A fall in the index implies deterioration in a country’s terms of trade, requiring it to export more to purchase the same amount of imports. Movements in the terms of trade are used in assessing the changing purchasing power of exports over imports, analysing real income, and evaluating the level of consumption that can be sustained in the domestic economy. The terms of trade are measured using the following index: Implicit price deflator (IPD) for the export (credit) item divided by the IPD for the import (debit) item, multiplied by 100. The IPDs are derived by dividing current price series by the corresponding chain volume measure for exports and imports. Trend growth rates Trend growth is derived by log-linear regression using the least squares method. It is a more robust measure than the ‘average’ annual growth rate as it takes account of all observations and, as such, is less likely to be affected by the end points of a given period. Total trade Total trade is the sum of exports and imports. This is a useful measurement of the overall trading relationship between Australia and its trading partners. Total trade data is useful in ranking Australia’s major trading partners, without a bias towards ranking only the larger export markets, or the larger import sources. Balance of trade The balance of trade is the difference between exports and imports. When exports exceed imports this is referred to as a trade surplus, when imports exceed exports this is referred to as a trade deficit. This publication was compiled mainly by Julie-Anne Andrew and Frank Bingham. If you want to know more about these statistics or about other trade and economic publications produced by DFAT, please email statssection@dfat.gov.au.
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th anniversary 1963-64 | 2013-14 co
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ISSN 1320-7547 (Print) ISSN 2200-60
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Market information service EDS prov
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- vi - Contents (cont’d) Table No
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- viii -
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- x - Introduction Composition of T
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- 2 - Fifty years of Australia’s
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- 4 - Chart 3: Direction of merchan
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- 6 - A$b Chart 5: Australia's good
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- 8 - The fourth largest import in
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- 10 - Terms of trade Index Index
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- 12 - Australia’s exports of oth
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- 14 - Australia’s direction of t
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- 16 - Commodity forecasts • The
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- 18 - Emirates, the United Kingdom
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- 20 - DFAT will be using the actua
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- 22 - Impact on country imports an
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- 24 - Attachment A Methodology for
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- 26 - Attachment B List of all HTI
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- 28 - In 1998-99 the difference be
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- 30 - Australia's trade with major
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- 32 -
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- 34 - TABLE 1: AUSTRALIA'S TRADE,
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- 36 - TABLE 3: AUSTRALIA'S TRADE I
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- 38 - TABLE 5: AUSTRALIA'S TOP 25
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- 40 - TABLE 6: AUSTRALIA'S RANK IN
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- 42 - TABLE 7: AUSTRALIA'S TRADE I
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- 44 - TABLE 9: AUSTRALIA'S EXPORTS
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- 48 - TABLE 11: AUSTRALIA'S EXPORT
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- 50 - TABLE 12: AUSTRALIA'S IMPORT
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- 52 - TABLE 13: AUSTRALIA'S SERVIC
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- 54 - TABLE 15: AUSTRALIA'S EXPORT
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- 58 -
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- 60 - TABLE 18: AUSTRALIA'S MERCHA
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- 62 - TABLE 20: AUSTRALIA'S TOTAL
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- 68 - TABLE 24: AUSTRALIAN PRODUCE
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- 72 - TABLE 25: AUSTRALIA'S MAJOR
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- 74 - TABLE 26: AUSTRALIA'S MAJOR
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Page 102 and 103: - 90 - TABLE 29: AUSTRALIA'S MERCHA
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Page 112 and 113: - 100 - TABLE 35: AUSTRALIA'S MERCH
Page 130 and 131: - 118 - % growth 2012-13 to 5 year
Page 146 and 147: - 134 - Appendix A Explanatory note
Page 148 and 149: - 136 - Bulk wheat exports by partn
Page 150 and 151: - 138 - Financial; Charges for the
Page 154 and 155: - 142 - Appendix B Composition of r
Page 156 and 157: - 144 - North Asia Northern Europe
Page 158 and 159: - 146 - hand HTISC HS ICT IIP IIS (
Page 160 and 161: - 148 - Appendix D Confidential exp
Page 162 and 163: - 150 - Appendix E ABS trade commod
Page 164 and 165: - 152 - Appendix F Goods and servic
Page 166 and 167: - 154 - Appendix G DFAT adjustments
Page 168 and 169: - 156 - 3. Corrections to ABS merch
Page 170 and 171: - 158 - AHECC SITCR4 Date of Effect
Page 172 and 173: - 160 - List B HTISC codes not incl
Page 174 and 175: - 162 - HTISC SITC- REV4 Date of Ef
Page 176 and 177: - 164 - HTISC SITC- REV4 Date of Ef
Page 178 and 179: Table C - continued - 166 - Actual
Page 180 and 181: Table D - 168 - DFAT's estimates of
Page 182 and 183: - 170 - 1 Primary products 11 Prima
Page 184: - 172 - 2442 Textiles, clothing & f
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