INTERNATIONAL MERCHANDISE TRADE
EXPORTS AND IMPORTS
On a recorded trade basis, the value of South Australia's exports in December 2010 was $999m; an increase of 42.6% from November 2010 ($701m) and 47.1% higher than the value recorded in December 2009 ($679m).
Wheat (13.9%) surpassed Copper (11.3%) as South Australia's number one contributor to the states exports in December 2010. Wine was the third largest contributor accounting for 10.7%. Between December 2009 and December 2010, the export value of Wheat and Copper increased 400.1% and 213.4% respectively, whilst the export value of Wine remained almost unchanged (0.1%) over the same period.
The value of Australian merchandise exports for December 2010 rose 8.5% to $21,230m. The December estimate is 28.4% higher than at the same time of the previous year ($16,532m).
The value of South Australian merchandise imports fell to $497m in December 2010. This estimate represents a decrease of 13.6% from November 2010 ($575m) and is 14.3% lower than the value recorded in December 2009 ($580m).
The value of Australian merchandise imports for December 2010 fell to $18,146m; a decrease of 5.3% from the previous month but 2.9% higher than the value recorded in December of the previous year ($17,628m).
VALUE OF INTERNATIONAL MERCHANDISE EXPORTS AND IMPORTS (a),
*IMPACT OF THE FLOODS
on a recorded trade basis, South Australia
Flooding in Queensland began in late December 2010. Data collection and processing for the data in International Trade in Goods and Services, Australia, Dec 2010 (cat. no. 5368.0) were not disrupted. It is expected that the first significant economic impact of floods in Queensland and other states will be reflected in the forthcoming issues of this publication.