1367.2 - State and Regional Indicators, Victoria, Sep 2007  
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 28/11/2007   
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Contents >> Trade >> Balance of Trade

BALANCE OF TRADE

In August 2007, the value of Victoria's exports was $1,711m. This was 4.3% lower than in August 2006. Over the same period, the value of imports rose by 8.3% and Victoria's overall net trade position declined by $447m or 16.7%. On average, Victoria recorded a monthly trade deficit of $2,627.8m in merchandise trade for the year ended in August 2007.


At the national level, exports (including re-exports) were 2.8% higher in August 2007 than in August 2006, whilst imports rose by 11.2%.

NET TRADE PERFORMANCE, Exports minus Imports
Graph: Net Trade Performance, Exports minus Imports


BALANCE OF INTERNATIONAL MERCHANDISE TRADE

Victoria(a)
Australia


Exports
Imports
Excess of exports
Exports
Imports
Excess of exports
$m
$m
$m
$m
$m
$m

2004-05
18 513
45 140
-26 627
126 823
149 469
-22 646
2005-06
18 929
49 010
-30 081
152 492
167 503
-15 011
2006-07
20 047
51 325
-31 278
168 129
180 806
-12 677
2006
June
1 604
4 223
-2 619
14 664
15 078
-414
July
1 607
4 096
-2 489
14 313
14 192
120
August
1 787
4 461
-2 674
14 302
15 216
-914
September
1 787
4 448
-2 661
14 000
15 044
-1 044
October
1 757
4 378
-2 621
14 646
16 341
-1 695
November
1 850
4 566
-2 716
13 896
15 694
-1 798
December
r1 690
4 110
r-2 420
r14 697
r14 644
r54
2007
January
r1 254
r4 058
r-2 805
r12 625
r14 541
r-1 917
February
r1 513
3 919
r-2 407
r13 253
r14 093
r-841
March
r1 751
r4 274
r-2 523
r13 924
r15 372
r-1 448
April
r1 683
r4 085
r-2 401
r13 858
r14 618
r-760
May
r1 803
4 388
r-2 585
14 731
15 636
-906
June
1 566
4 542
-2 976
13 886
15 414
-1 528
July
1 785
4 083
-2 298
14 464
15 247
-783
August
1 711
4 832
-3 121
14 697
16 924
-2 226

r revised
(a) Victorian imports are those imported goods released from Customs control within Victoria. Victorian imports are those whose final stage of production or manufacture occurred within Victoria.
Source: International Trade in Goods and Services, Australia (cat. no. 5368.0); Merchandise Exports and Merchandise Imports Collection; ABS data available on request.



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