1301.0 - Year Book Australia, 2008  
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 07/02/2008   
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Contents >> Energy >> International trade in energy products

INTERNATIONAL TRADE IN ENERGY PRODUCTS

In 2005-06 Australia exported a total of 12,637 PJ of energy products, comprising 12,560 PJ of primary energy products and 77 PJ of derived energy products (table 19.8). In terms of energy content, the largest contributors were black coal (52% of total energy exports) and uranium (38%), followed by liquefied natural gas (LNG) (5%) and crude oil (4%). Total energy exports increased by 9% from 2000-01 to 2005-06 with LNG up 53% and black coal up 19%.

By contrast, total imports of energy products were relatively small (1,549 PJ in 2005-06) (table 19.8). Crude oil and LPG made up 64% of total energy imports in 2005-06. Imports of primary energy products have decreased slightly from 2000-01 to 2005-06 (down 4%). Imports of derived energy products (mainly petroleum-based products), however, have increased substantially from 154 PJ in 2000-01 to 557 PJ in 2005-06 (up 261%).

19.8 ENERGY PRODUCTS, Volume of exports and imports

Exports
Imports
2000-01
2005-06
Change from 2000-01 to 2005-06
2000-01
2005-06
Change from 2000-01 to 2005-06
PJ
PJ
%
PJ
PJ
%

Primary energy products
Black coal
5 517.6
6 581.8
19.3
-
-
-
Crude oil and ORF(a)
889.6
459.8
-48.3
1 019.5
976.6
-4.2
LPG
71.6
71.9
0.4
16.3
15.4
-5.5
LNG
409.6
627.8
53.3
-
-
-
Uranium
4 569.3
4 818.9
5.5
-
-
-
Total
11 457.7
12 560.2
9.6
1 035.8
992.0
-4.2
Derived energy products
Automotive gasoline
44.1
24.4
-44.7
40.7
126.1
209.8
Aviation gasoline
0.9
2.8
211.1
-
1.5
-
Aviation turbine fuel
27.8
4.7
-83.1
14.3
30.1
110.5
ADO and IDF(b)
49.3
16.2
-67.1
43.6
236.3
442.0
Fuel oil and kerosene
29.1
19.4
-33.3
33.2
57.9
74.4
Other petroleum products(c)
18.0
9.5
-47.2
22.4
104.6
367.0
Briquettes
-
-
-
-
-
-
Coke
0.5
-
-100.0
-
-
-
Total
169.7
77.0
-54.6
154.2
556.5
260.9
Total
11 627.4
12 637.2
8.7
1 190.0
1 548.5
30.1

- nil or rounded to zero (including null cells)
(a) Other refinery feedstock (ORF).
(b) Automotive diesel oil (ADO) and industrial diesel fuel (IDF).
(c) Also includes lubricants and greases, bitumen and other bituminous products, solvents, waste oils and diesel.
Source: Australian Bureau of Agricultural and Resource Economics, 'Australian Energy Statistics - Australian Energy Update', 2007, Table J.


Graph 19.9 shows the comparison between energy exports and imports from 1975-76 to 2005-06.

19.9 Exports and imports of energy products
Graph: 19.9 Exports and imports of energy products


Table 19.10 shows the value and contribution of energy products to Australia's trade. In 2005-06 the export of energy products contributed $39.4b (26%) towards Australia's total merchandise export earnings. Black coal accounted for 62% of the total value of energy exports in 2005-06 ($24.3b), followed by crude oil (15%) and LNG (11%). Imports of energy products (mainly crude oil) accounted for $21.5b (13%) of the total value of Australia's imports in 2005-06. Over the period 2000-01 to 2005-06 the value of crude oil imports increased by $4.2b (up 51%).

While the volume of energy exports has increased by 9% in the period 2000-01 to 2005-06 (table 19.8), the value of energy exports over the same period increased by 54%, 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 1% of the total value of energy exports in 2005-06.

19.10 ENERGY PRODUCTS, Value of exports and imports

Exports
Imports
2000-01
2005-06
Change from 2000-01 to 2005-06
2000-01
2005-06
Change from 2000-01 to 2005-06
$m
$m
%
$m
$m
%

Black coal(a)
10 829
24 290
124.3
2
12
532.1
Crude oil and ORF(b)
7 640
5 997
-21.5
8 258
12 432
50.5
LPG
830
1 002
20.7
160
198
23.4
LNG
2 671
4 416
65.3
-
152
-
Uranium oxide
497
546
9.8
-
-
-
Refinery products
3 233
3 190
-1.3
2 120
8 748
312.7
Total of energy products
25 700
39 440
53.5
10 540
21 542
104.4
Total merchandise trade
119 540
152 491
27.6
118 315
167 501
41.6

- nil or rounded to zero (including null cells)
(a) Coking plus steaming.
(b) Other refinery feedstock (ORF).
Source: International Merchandise Imports, Australia (5439.0); International Trade in Goods and Services, Australia (5368.0); Australian Bureau of Agricultural and Resource Economics, 'Australian Commodity Statistics', 2004.







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