BALANCE OF MERCHANDISE TRADE
In May 2009, the balance of international merchandise trade (i.e. the value of exports less the value of imports) for Victoria was a deficit of $2,237m. The value of the state's merchandise exports was $1,533m, while merchandise imports totalled $3,770m. Compared with May 2008, Victoria's trade deficit in May 2009 was $1,045m (31.8%) lower, with a decline in the value of exports (down $296m, 16.2%) being more than offset by a larger fall in the value of imports (down $1,341m, or 26.2%). Victoria recorded an average monthly trade deficit of $3,070m for the 12 months ending May 2009.
At the national level, the value of imports and exports (including re-exports) were lower by 19.2% and 10.9%, respectively, in May 2009 compared with May 2008.
In 2007-08, Victoria's trade deficit was $35,520m, an increase of $4,243m (13.6%) over the previous financial year. The state's exports and imports rose by $490m (2.4%), but this was offset by an increase in imports of $4,732m (9.2%).
View underlying table as an Excel spreadsheet: 1367.2 Balance of International Merchandise Trade (file size 32kB)