MAJOR TRADING PARTNERS
For the year ended August 2007, Victoria recorded its highest trade deficit with China (-$6,629m) followed by USA (-$5,066m) and Japan (-$3,118m). For the same period, Victoria recorded its highest trading surplus with Saudi Arabia ($948m) followed by Papua New Guinea ($125m) and Hong Kong ($120m).
INTERNATIONAL MERCHANDISE TRADE(a)(b), By Major Trading Partners |
|
 | Year ended August
2006 | Year ended August
2007 |
 |
|
|
 | Exports | Imports | Exports | Imports |
 | $m | $m | $m | $m |
|
| Belgium | 53 | 527 | 92 | 560 |
| Brazil | 59 | 286 | 77 | 247 |
| Canada | 238 | 472 | 241 | 544 |
| China | 1 747 | 7 587 | 2 086 | 8 715 |
| Fiji | 141 | 69 | 96 | 67 |
| Finland | 11 | 240 | 18 | 282 |
| France | 118 | 1 844 | 167 | 1 619 |
| Germany | 395 | 3 215 | 396 | 3 342 |
| Hong Kong (Sar of China) | 564 | 395 | 492 | 372 |
| India | 252 | 466 | 323 | 488 |
| Indonesia | 535 | 955 | 506 | 1 063 |
| Italy | 275 | 1 425 | 260 | 1 657 |
| Japan | 1 707 | 4 873 | 1 802 | 4 920 |
| Korea, Republic of | 1 187 | 1 548 | 1 312 | 1 432 |
| Malaysia | 455 | 1 621 | 539 | 1 769 |
| Mexico | 183 | 342 | 158 | 389 |
| Netherlands | 146 | 455 | 137 | 515 |
| New Zealand | 2 132 | 2 179 | 2 188 | 2 254 |
| Pakistan | 65 | 71 | 83 | 70 |
| Papua New Guinea | 151 | 54 | 160 | 35 |
| Philippines | 241 | 206 | 196 | 192 |
| Saudi Arabia | 1 064 | 167 | 1 044 | 96 |
| Singapore | 632 | 2 385 | 603 | 2 133 |
| South Africa | 279 | 480 | 203 | 419 |
| Sweden | 90 | 794 | 59 | 658 |
| Switzerland | 68 | 384 | 49 | 458 |
| Taiwan | 568 | 1 193 | 545 | 1 339 |
| Thailand | 602 | 1 438 | 625 | 2 102 |
| United Kingdom | 696 | 1 634 | 708 | 1 650 |
| United States of America | 1 826 | 7 130 | 1 890 | 6 956 |
| Other and unknown | 2 922 | 5 203 | 3 094 | 5 337 |
| Total(c) | 19 401 | 49 640 | 20 149 | 51 682 |
|
| (a) Victorian imports are those imported goods released from Customs control within Victoria. Victorian exports are those whose final stage of production or manufacture occurred within Victoria. |
| (b) The list of countries in this table reflects the volume of trade with Victoria. |
| (c) Any other discrepancies between sums of component items and the total are due to rounding. |
| Source: ABS data available on request, Merchandise Exports Collection; ABS data available on request, Merchandise Imports Collection. |