The value of Tasmania’s overseas exports totalled $2,868.8 million in 2005-06. This was an increase of 8.7% on the previous financial year.
Since a large proportion of Tasmania’s production is export oriented, the Tasmanian economy can be severely affected by movements in the value of commodity exports, which are susceptible to movements in world commodity prices, and Australian dollar exchange rates.
(a) The value of goods measured on a free on board (f.o.b.) basis includes all production and other costs incurred up until the goods are placed on board the international carrier for export. Free on board values exclude international insurance and transport costs. They include the value of the outside packaging in which the product is wrapped, but do not include the value of the international freight containers used for transporting the goods.
Source: ABS data available on request.
VALUE OF EXPORTS(a)
Change over previous year