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CHAPTER 4construction activities which resulted from favourable economic conditions and arelatively high population growth in Brisbane areas.A total of 362 000 teus of containerised exports was shipped out of Brisbane port in2004-05 (Figure 4.2 and Table 4.1). Of the total containerised exports, 62.7 per centwere full container exports and the remaining 37.3 per cent were empty containerexports.FIGURE 4.2 CONTAINERISED TRADE, 1993-94 TO 2024-25: BRISBANE PORT3,5003,0002,500ActualForecastVolume ('000 teus)2,0001,5001,00050001993-941995-961997-981999-002001-022003-042005-062007-082009-102011-122013-142015-162017-182019-202021-222023-24Export Import TotalFull container exports from Brisbane port increased by 4.9 per cent over the last fiveyears and are forecast to increase by 6.9 per cent a year over the next twenty years, from227 000 teus in 2004-05 to 856 000 teus in 2024-25. This is largely because of anincrease in demand for export commodities in overseas markets, mainly Japan. Theoutlook for the Japanese economy is positive, and is expected to grow by 1.6 per cent ayear over the next twenty years.Asia, particularly Japan and China, will continue to remain major export destinations interms of total shipped tonnage. Although Brisbane Port presently accounts for only 3.4per cent of Australia’s total trade with the USA, the share is likely to increase with theimplementation of the Free Trade Agreement (FTA) with USA in future.About 80.3 per cent of the total containerised imports to Brisbane Port are full containerimports and the remaining 19.7 per cent are empty container imports. The totalcontainerised imports to Brisbane Port increased by 10.7 per cent a year over the lastfive years to 364 000 teus in 2004-05, including full container imports increasing by13.0 per cent a year to 292 000 teus in 2004-05 and the empty container importsincreasing by 3.5 per cent a year to 72 000 in 2004-05.The outlook for the Australian economy and exchange rates suggests that the totalcontainerised imports will increase annually by 7.0 per cent during the forecast period to1.4 million teus in 2024-25. This includes an annual increase of 7.7 per cent in full31