Australian Bureau of Statistics
1301.0 - Year Book Australia, 2009–10
Latest ISSUE Released at 11:30 AM (CANBERRA TIME) 04/06/2010
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INTERNATIONAL TRADE IN ENERGY PRODUCTS
By contrast, total imports of energy products were relatively small (1,880 PJ in 2007-08) (table 19.8). Crude oil made up 54% of total energy imports in 2007-08. Imports of primary energy products have increased from 1,117 PJ in 2002-03 to 1,246 PJ in 2007-08 (up 12%). Imports of derived energy products (mainly petroleum-based products), have increased substantially from 176 PJ in 2002-03 to 634 PJ in 2007-08 (up 261%).
Graph 19.9 shows the comparison between energy exports and imports from 1997-98 to 2007-08.
Table 19.10 shows the value and contribution of energy products to Australia's trade. In 2007-08 the export of energy products contributed $45.6b (25%) towards Australia's total merchandise export earnings. Black coal accounted for 54% of the total value of energy exports in 2007-08 ($24.4b), followed by crude oil (21%) and LNG (13%). Imports of energy products (mainly crude oil) accounted for $30.5b (15%) of the total value of Australia's imports in 2007-08. Over the period 2002-03 to 2007-08 the value of crude oil imports increased by $9.0b (up 115%).
While the volume (in PJ) of energy exports has increased by 15% in the period 2002-03 to 2007-08 (table 19.8), the value of energy exports over the same period increased by 88%, partly due to price increases for energy products in the period. Although uranium accounted for over a third of all exports by energy volume, the value of uranium exports contributed only 2% of the total value of energy exports in 2007-08.
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