6457.0 - International Trade Price Indexes, Australia, Sep 2013 Quality Declaration 
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 31/10/2013   
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COMMENTARY


IMPORT PRICE INDEX

The Import Price Index rose 6.1% in the September quarter 2013. This increase was driven primarily by the depreciation of the Australian dollar resulting in increased prices for imports denominated in major trading currencies. Also contributing to this increase were rises in the prices paid for petroleum, petroleum products and related materials (+8.5%), general industrial machinery and equipment, n.e.s., and machine parts, n.e.s. (+9.0%) and electrical machinery, etc. and parts thereof (+6.9%). These increases were partly offset by falls in the prices paid for medicinal and pharmaceutical products (-1.2%) and miscellaneous edible products and preparations (-1.1%).

Through the year to the September quarter 2013, the Import Price Index rose 6.1%. This increase was driven mainly by rises in the prices paid for petroleum, petroleum products and related materials (+9.7%), general industrial machinery and equipment, n.e.s., and machine parts, n.e.s. (+12.3%) and miscellaneous manufactured articles, n.e.s. (+11.6%). Partly offsetting these through the year rises were falls in the prices paid for gold, non-monetary (excluding gold ores and concentrates) (-8.2%), inorganic chemicals (-19.5%) and medicinal and pharmaceutical products (-2.5%).


Major Import Products

Australia's major import products based on contribution are:

  • Petroleum, petroleum products and related materials (SITC 33) (+8.5%)
  • General industrial machinery and equipment, n.e.s., and machine parts, n.e.s. (SITC 74) (+9.0%)
  • Telecommunications and sound recording and reproducing apparatus and equipment (SITC 76) (+5.2%)
  • Electrical machinery, etc. and parts thereof (SITC 77) (+6.9%)
  • Road vehicles (including air-cushion vehicles) (SITC 78 ) (+1.6%)


EXPORT PRICE INDEX

The Export Price Index rose 4.2% in the September quarter 2013. This increase was driven primarily by the depreciation of the Australian dollar resulting in increased prices for exports denominated in major trading currencies. Also contributing to this increase were rises in the prices received for metalliferous ores and metal scrap (+4.7%), petroleum, petroleum products and related materials (+9.9%), coal, coke and briquettes (+2.4%), cereals and cereal preparations (+5.9%), gas, natural and manufactured (+3.4%), dairy products and birds' eggs (+18.8%), non-ferrous metals (+3.6%), oil seeds and oleaginous fruits (+16.4%), gold, non-monetary (excluding gold, ores and concentrates) (+2.4%), and meat and meat preparations (+4.1%).

Through the year to the September quarter 2013, the Export Price Index rose 4.2%. This increase was driven mainly by rises in the prices received for metalliferous ores and metal scrap (+13.2%), cereals and cereal preparations (+14.4%), gas, natural and manufactured (+6.7%), dairy products and birds' eggs (+23.5%), textile fibres and their wastes (+9.1%), power generating machinery and equipment (+7.4%), and oil seeds and oleaginous fruits (+15.4%). Partly offsetting these through the year rises were falls in the prices received for coal, coke and briquettes (-15.4%), and gold, non-monetary (excluding gold, ores and concentrates) (-8.2%).


Major Export Products

Australia's major export products based on contribution are:
  • Metalliferous ores and metal scrap (SITC 28 ) (+4.7%)
  • Coal, coke and briquettes (SITC 32 ) (+2.4%)
  • Petroleum, petroleum products and related materials (SITC 33 ) (+9.9%)
  • Gas, natural and manufactured (SITC 34 ) (+3.4%)
  • Gold, non-monetary (excluding gold, ores and concentrates) (SITC 97 ) (+2.4%)