In 2000-01, Australia's merchandise exports increased by 23% to $119.6b and its merchandise imports increased by 7% to $118.3b. Exports exceeded imports by $1.3b, following a deficit of $12.8b in 1999-2000. This is the first merchandise trade surplus since 1993-94 (table 30.19 and graph 30.20).
30.19 TOTAL MERCHANDISE EXPORTS AND IMPORTS |
|
Financial year | Exports
$m | Imports
$m | Excess of exports or imports(a)
$m |
|
1995-96 | 76,005 | 77,792 | -1,787 |
1996-97 | 78,932 | 78,998 | -66 |
1997-98 | 87,768 | 90,684 | -2,916 |
1998-99 | 85,991 | 97,611 | -11,620 |
1999-2000 | 97,286 | 110,078 | -12,792 |
2000-01 | 119,602 | 118,264 | 1,338 |
|
(a) A negative sign indicates that imports exceed exports. |
Source: International Merchandise Trade, Australia (5422.0). |