Composition of Trade Australia 2016

1 Composition of Trade Australia 2016 Composition OF Trade Australia 2016 statistics Section Office of Economic Analysis Investment and Economic Division June 2017 ISSN 1320-7547 (Print) ISSN 2200-6095 (Online) ISBN 978-1-74322-401-4 (Book softcover) ISBN 978-1-74322-400-7 (PDF format) With the exception of the Commonwealth Coat of Arms and where otherwise noted, this report is licenced under a Creative Commons Attribution Australia licence You are free to reuse, modify, remix and distribute this material. The entire publication may be included as an appendix in your work for reference if you wish. Under the terms of the licence, you are required to attribute DFAT material in the manner specified (but not in any way that suggests that DFAT endorses you or your use of the work). DFAT material used as supplied Provided you have not modified/remixed the material in this publication in any way it may be reused provided the following attribution is given: Source: DFAT publication Composition of Trade Australia 2016 .

2 Derivative material If you have modified/remixed the material in this publication, or derived new material from it in any way, the following attribution must be used: Based on the DFAT publication Composition of Trade Australia 2016 . Use of the Coat of Arms The terms under which the Coat of Arms can be used are detailed on the It s an Honour website The Department of Foreign Affairs and Trade (DFAT) has taken great care to ensure the information contained in this publication is as correct and accurate as possible. However, DFAT does not guarantee, and accepts no legal liability whatsoever arising from or connected to, the accuracy, reliability, currency or completeness of any material contained in the publication. DFAT recommends that users exercise their own skill and care with respect to their use of the material contained in the publication and that users carefully evaluate the accuracy, currency, completeness and relevance of the material for their purposes.

3 Unless otherwise specified, all amounts are in Australian dollars. i A WORLD OF Trade DATA AT YOUR FINGERTIPS UP-TO-DATE Trade statistics SERVICES TAILORED TO YOUR NEEDS FROM Australia S PREMIER SOURCE In so many industries, knowledge is the key to success. And it s the quality of that information that s paramount. Now you can access Australian Trade statistics gathered and held by Australia s leading expert in the field, the Department of Foreign Affairs and Trade (DFAT). Better still, this information can be customised and prepared to suit your specific needs. The statistics Section (STA) provides statistics used in research, including measures such as detailed classifications of exports and imports. STA s data holdings include a substantial amount of economic and social information about Australia and the rest of the world. Trade data is available in any of the following combinations: Trade time series DFAT has created a range of time series products to complement its statistical Trade publications.

4 These products include: i) Trade statistical pivot tables: Australia 's exports and imports by all countries, all State and Territories and selected country groups by the Standard International Trade Classification (SITC) at the 3-digit level; and Australia 's exports and imports by all countries, all State and Territories and selected country groups by DFAT's Trade Import and Export Classification (TRIEC) at the 1-, 2-, 3- and 4-digit levels. These two pivot tables are published on a calendar and financial year basis. ii) Australia s direction of goods and services Trade : Time series spreadsheets covering Australia s Trade in goods and services (exports, imports & two-way Trade ). Data on goods, services and goods and services is published for 34 of Australia s major trading partners, as well as data by broad geographic groups and selected country groups. The spreadsheets are published on a calendar year basis (back to 1987) and a financial year basis (back to 1986-87).

5 Iii) Historical Trade and economic data: As part of a forthcoming product, Australia s Trade Through Time (ATTT), two spreadsheets are now available on the DFAT website. The first spreadsheet, Australia s Trade and economic indicators, contains time series data for a range of Trade and economic indicators back to 1901 (and for total merchandise Trade back to 1826). The second time series spreadsheet, Australia s direction of Trade , contains time series data for around 60 of Australia s major merchandise trading partners back to 1901 (and in some cases to 1885). ii Market information service STA provides accurate and timely, high-level statistical support for research and analysis. The consultancy service also draws on international sources to compile the most comprehensive coverage available, so you can have a world of Trade information individually prepared to your requirements and delivered quickly, accurately and at a very competitive price.

6 Reports can be tailor-made according to requirements by country and by commodity monthly, quarterly and for calendar or financial years. STA prepares general profiles of economic and social indicators for Australia s trading partners country economic factsheets (190 countries currently available). For more information about our services email or visit the website ; or visit for the fact sheets. Trade statistical publications Each year STA produces a range of publications containing detailed information on all aspects of Australia s Trade in goods and services and investment with the rest of the world. These are available as accessible PDFs at Releases in the series include: Composition of Trade Australia biannual on a calendar and financial year basis; Trade in Services Australia biannual on a calendar and financial year basis; Australia s Trade by State and Territory annual on a financial year basis; International Investment Australia annual on a calendar year basis.

7 Iii CONTENTS INTRODUCTION 4 Australia S Trade : KEY POINTS, 2016 5 Australia s Trade in goods and 5 Australia s direction of 5 Australia s Composition of Trade .. 5 Australia S MERCHANDISE Trade BY LEVEL OF PROCESSING 6 6 Imports .. 6 COMMODITY FORECASTS 7 Australia S IMPORTS OF AIRCRAFT & PARTS UPDATE FOR 2016 8 8 Estimates of imports of Aircraft and related parts in 2016 .. 8 Methodology for estimating Aircraft & parts IMPACT OF ABS CONFIDENTIAL RESTRICTIONS ON EXPORTS OF NICKEL UPDATE FOR 2016 12 12 Trends in Australian Nickel exports in 2016 .. 12 Impact of confidential Nickel exports on Australian STM exports in Next 14 Methodology for estimating Nickel LOW VALUE THRESHOLD GOODS 20 20 What are LVT goods?..20 Estimating LVT goods Updates to LVT adjustments for official goods debits 20 Impact on macroeconomic aggregates.

8 20 More 21 Page 1 5 10 15 20 25 30 23 Australia S Trade ON A BALANCE OF PAYMENTS BASIS Section 1 - Australia 's Trade in goods and services Table 1: Australia s Trade in goods and services, balance of payments 24 Table2: Australia s Trade in goods and services, current Table 3: Australia s Trade in goods and services, chain volume measures .. 26 Table 4: Australia s top 25 goods and services exports .. 27 Table : Australia s top 25 goods and services Table 6: Australia s exports of goods and services by State and Territory, balance of payments basis .. 29 Table 7: Australia s imports of goods and services by State and Territory, balance of payments 30 Section 2 -Direction of Australia s Trade in goods and services Table 8: Australia s rank in world goods andservices exports and Table 9: Australia s Trade in goods and services by top 15 33 Table : Australia s total Trade in goods and services by selected countries and 35 Table 11: Australia s exports of goods and services by selected countries and 36 Table 12: Australia s imports of goods and services by selected countries and regions.

9 37 Section 3 - Australia s Trade in services Table 13: Australia s exports of services, by type of activity .. 40 Graphs: Australia s exports and imports of Table 14: Australia s imports of services, by type of Table : Australia s Trade in services by top 15 43 Table 16: Australia s total Trade in services by selected countries and Table 17: Australia s exports of services by selected countries and 46 Table 18: Australia s imports of services by selected countries and regions .. 47 Australia S MERCHANDISE Trade ON A RECORDED Trade BASIS 49 Section 4 - Australia s merchandise Trade by level of processing Table 19: Australia 's merchandise Trade by broad category, total exports and Table : Australia 's merchandise exports by broad category, Australian produced exports .. 52 Table 21: Australia 's total merchandise exports by broad level of 53 Table 22: Australia 's total merchandise imports by broad level of processing.

10 54 Table 23: Australian produced exports by broad level of processing .. 55 Table 24: Australia 's total merchandise exports by level of processing .. 56 Table : Australia 's total merchandise imports by level of Table 26: Australian produced exports by level of Section 5 - Australia s merchandise commodity ranking Table 27: Australia 's major merchandise exports rank, value and 64 Table 28: Australia 's major merchandise imports rank, value and growth .. 66 Section 6 -Direction of Australia s merchandise Trade ranking tables Table 29: Australia 's merchandise Trade by country, 2016 .. 70 Table : Australia 's merchandise export Table 31: Australia 's merchandise import sources .. 80 Table 32: Australia 's merchandise Trade by country and regional 85 Table 33: Australia 's merchandise exports by country and regional 86 Table 34: Australia 's merchandise imports by country and regional 87 Page 2 Section 7 - Australia s major merchandise trading partners, top 20 exports and imports Country tables Table 35: Australia 's merchandise Trade with Table 36: Australia 's merchandise Trade with Table 37: Australia 's merchandise Trade with Table 38: Australia 's merchandise Trade with Table 39: Australia 's merchandise Trade with Hong Kong (SAR of China).