cot-fy-2013-14

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Australia’s direction of trade 6
• China was Australia’s largest individual two-way goods and services trading partner in 2013-14, accounting
for 23.9 per cent ($159.7 billion) of total trade. Japan was the second largest trading partner accounting for
10.8 per cent ($72.2 billion) followed by the United States, accounting for 8.7 per cent ($58.2 billion).
• APEC members accounted for 72.6 per cent of Australia’s total trade while the members of the European
Union accounted for 12.5 per cent.
• In 2013-14 exports to: APEC members increased 14.0 per cent; ASEAN members rose 10.1 per cent;
members of the European Union decreased 10.1 per cent; G20 members rose 11.0 per cent and OECD
countries increased 3.5 per cent.
• Imports from: APEC members increased 7.3 per cent; ASEAN members increased 5.9 per cent; members of
the European Union increased 8.0 per cent; G20 members rose 8.5 per cent and OECD countries increased
6.3 per cent.
Major goods and services export markets
A$b
120
90
60
30
2011-12
2012-13
2013-14
• China was Australia’s largest export
market, accounting for 32.5 per cent
($107.6 billion) of total exports in 2013-14
– increasing 27.0 per cent.
• Japan was Australia’s second largest
export market ($51.0 billion)
– increasing 4.8 per cent.
• the Republic of Korea was Australia’s third
largest market ($22.5 billion)
– increasing 8.1 per cent.
0
China Japan Republic
of Korea
United
States
New Singapore
Zealand
Based on ABS trade data on the DFAT STARS database, ABS
catalogue 5368.0.55.004 and unpublished ABS data.
Major goods and services import sources
A$b
60
50
2011-12
2012-13
2013-14
• China was Australia’s largest import
source, accounting for 15.4 per cent
($52.1 billion) of total imports in 2013-14
– increasing 12.4 per cent.
40
30
• The United States was Australia’s second
largest import source ($41.2 billion)
– increasing 2.9 per cent.
20
10
• Japan was Australia’s third largest import
source ($21.1 billion)
– increasing 2.1 per cent.
0
China
United
States
Japan
Singapore Germany Thailand
Based on ABS trade data on the DFAT STARS database, ABS
catalogue 5368.0.55.004 and unpublished ABS data.
6 Goods on a recorded trade basis and services on a balance of payments basis.