INTERNATIONAL MERCHANDISE TRADE
EXPORTS AND IMPORTS
South Australia's value of exports (in original terms) increased by of 33.6% between January 2007 ($554m) and March 2007 ($740m). In March 2006 the state's value of exports was $770m. The highest increases in value of exports were reported for Wine exports (up $55m, or 50%) and Road vehicles, parts and accessories (up $43m or 360%) from January 2007. Declines in value were reported for the exports of Wheat (down by 24%) and Fish and crustaceans (down by 27%).
Australian exports also rose (by 10.4%) over the January to March 2007 period. The main industries that contributed to the increase in the value of Australian exports were Machinery and equipment manufacturing (up $576m, 66.7%), of which exports of passenger vehicles rose to $225m from $83m; Food, beverage and tobacco manufacturing up $419m, 36.1%; Agriculture, $166m, 33.5%. Counteracting the increased exports for these industries were decreases in exports for Coal mining, down by 7.6% ($152m); Metal ore mining, down by 6.4% ($126m); and Oil and gas extraction, 6.4%, $70m.
The value of South Australian merchandise imports decreased to $576m in March 2007 from $597m in February 2007 and $600m in January 2007. In March 2006 the state's merchandise imports amounted to $496m.
Other than for January 2007, the value of exports from South Australia exceeded the value of imports for all periods from July 1996 to March 2007. Nationally, for the same period, in most months, the value of imports has exceeded the value of exports.