6457.0 - International Trade Price Indexes, Australia, Dec 2016 Quality Declaration 
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 27/01/2017   
   Page tools: Print Print Page Print all pages in this productPrint All

COMMENTARY


IMPORT PRICE INDEX

The Import Price Index rose 0.2% in the December quarter 2016. The rise in the Import Price Index is driven by rises in petroleum, petroleum products and related materials (+8.6%). Partially offsetting these rises are falls in the prices paid for telecommunications and sound-recording and reproducing apparatus and equipment (-3.6%) gold, non-monetary (excluding gold ores and concentrates) (-7.7%) and professional, scientific and controlling instruments and apparatus, n.e.s. (-4.7%).

Through the year to the December quarter 2016, the Import Price Index fell 4.6%. The falls were driven mainly by the prices paid for telecommunications and sound recording apparatus and equipment (-10.5%); electrical machinery, apparatus and appliances, n.e.s., and electrical parts thereof (including non-electrical counterparts, n.e.s., of electrical household-type equipment) (-6.7%); miscellaneous manufactured articles, n.e.s.(-7.5%). Partly offsetting these falls were rises in the prices paid for road vehicles (including air-cushion vehicles) (+2.0%) and gold, non-monetary (excluding gold ores and concentrates) (+5.7%).


MAJOR IMPORT PRODUCTS

Australia's major import products based on contribution are:

  • Road vehicles (including air-cushion vehicles) (SITC 78) (+0.2%);
  • Petroleum, petroleum products and related materials (SITC 33) (+8.6%);
  • General industrial machinery and equipment, n.e.s., and machine parts, n.e.s. (SITC 74) (-0.8%);
  • Telecommunications and sound recording equipment and reproducing apparatus and equipment (SITC 76) (-3.6%);
  • Electrical machinery, apparatus and appliances, n.e.s., and electrical parts thereof (including non-electrical counterparts, n.e.s., of electrical household-type equipment) (SITC 77) (-0.9%)


EXPORT PRICE INDEX

The Export Price Index rose 12.4% in the December quarter 2016. This rise is driven by rises in the prices received for coal, coke and briquettes (+59.9%); metalliferous ores and metal scrap (+11.3%); gas, natural and manufactured (+10.7%); non-ferrous metals (+7.9%); sugars, sugar preparations and honey (+17.6%) and petroleum, petroleum products and related materials (+5.6%). Partly offsetting these rises are falls in the prices received for gold, non-monetary (excluding gold ores and concentrates) (-7.5%); meat and meat preparations (-2.6%) and cereals and cereal preparations (-4.0%).

Through the year to the December quarter 2016, the Export Price Index rose 12.4%. This rise is driven by rises in the prices received for coal, coke and briquettes (+51.1%); metalliferous ores and metal scrap (+20.5%); non-ferrous metals (+10.3%); sugars, sugar preparations and honey (+47.6%) and gold, non-monetary (excluding gold ores and concentrates) (+5.0%). Partly offsetting these through the year rises are falls in the prices received for gas, natural and manufactured (-13.0%); cereals and cereal preparations (-17.8%); other transport equipment (-12.3%); live animals other than animals of division 03 (-12.8%) and beverages (-10.4%).


MAJOR EXPORT PRODUCTS

Australia's major export products based on contribution are:
  • Metalliferous ores and metal scrap (SITC 28) (+11.3%);
  • Coal, coke and briquettes (SITC 32) (+59.9%);
  • Gold, non-monetary (excluding gold ores and concentrates) (SITC 97) (-7.5%);
  • Meat and meat preparations (SITC 01) (-2.6%);
  • Gas, natural and manufactured (SITC 34) (+10.7%)