COMMENTARY
IMPORT PRICE INDEX
The Import Price Index fell 1.0% in the September quarter 2016. The fall in the Import Price Index is driven by falls in the prices paid for telecommunications and sound recording equipment and reproducing apparatus and equipment (-4.3%); miscellaneous manufactured articles, n.e.s. which includes plastic articles, toys and sporting goods (-5.1%); machinery specialised for particular industries (-3.9%); professional, scientific and controlling instruments and apparatus, n.e.s. (-3.8%) and electrical machinery, apparatus and appliances, n.e.s. (-1.7%). Partially offsetting these falls are rises in the prices paid for gold, non-monetary (excluding gold ores and concentrates) (+4.1%).
Through the year to the September quarter 2016, the Import Price Index fell 5.1%. The fall is driven mainly by the prices paid for petroleum, petroleum products and related materials (-18.4%); electrical machinery, apparatus and appliances, n.e.s. (-7.3%); telecommunications and sound recording equipment and reproducing apparatus and equipment (-5.5%); medicinal and pharmaceutical products (-6.7%); miscellaneous manufactured articles, n.e.s. which includes plastic articles, toys and sporting goods (-5.7%); organic chemicals (-21.4%); iron and steel (-14.0%) and fertilizers (other than those of group 272) (-26.0%). Partly offsetting these falls were rises in the prices paid for gold, non-monetary (excluding gold ores and concentrates) (+13.6%) and road vehicles (including air-cushion vehicles) (+1.8%).
MAJOR IMPORT PRODUCTS
Australia's major import products based on contribution are:
- Road vehicles (including air-cushion vehicles) (SITC 78) (+0.1%);
- Petroleum, petroleum products and related materials (SITC 33) (+0.2%);
- General industrial machinery and equipment, n.e.s., and machine parts, n.e.s. (SITC 74) (+0.4%);
- Telecommunications and sound recording equipment and reproducing apparatus and equipment (SITC 76) (-4.3%);
- Electrical machinery, apparatus and appliances, n.e.s., and electrical parts thereof (including non-electrical counterparts, n.e.s., of electrical household-type equipment) (SITC 77) (-1.7%)
EXPORT PRICE INDEX
The Export Price Index rose 3.5% in the September quarter 2016. This rise is driven by rises in the prices received for metalliferous ores and metal scrap (+4.8%); coal, coke and briquettes (+4.3%); meat and meat preparations (+10.9%); gas, natural and manufactured (+9.6%); gold, non-monetary (excluding gold ores and concentrates) (+3.9%); sugars, sugar preparations and honey (+18.9%) and non-ferrous metals (+3.2%). Partly offsetting these rises are falls in the prices received for cereals and cereal preparations (-5.4%).
Through the year to the September quarter 2016, the Export Price Index fell 5.4%. This fall is driven by falls in the prices received for coal, coke and briquettes (-11.4%); gas, natural and manufactured (-24.7%); cereals and cereal preparations (-22.1%); metalliferous ores and metal scrap (-1.3%) and non-ferrous metals (-7.6%). Partly offsetting these through the year falls are rises in the prices received for gold, non-monetary (excluding gold ores and concentrates) (+12.8%); sugars, sugar preparations and honey (+26.2%); crude fertilizers, other than those of Division 56, and crude minerals (excluding coal, petroleum) (+17.0%); hides, skins and furskins, raw (+18.8%) and vegetables and fruit (+2.9%).
MAJOR EXPORT PRODUCTS
Australia's major export products based on contribution are:
- Metalliferous ores and metal scrap (SITC 28) (+4.8%);
- Coal, coke and briquettes (SITC 32) (+4.3%);
- Gold, non-monetary (excluding gold ores and concentrates) (SITC 97) (+3.9%);
- Meat and meat preparations (SITC 01) (+10.9%);
- Gas, natural and manufactured (SITC 34) (+9.6%)
Quality Declaration 
Print Page
Print All