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fbtwitterlinkedinvimeoflicker grey 14rssslideshare1
Tim Atkin; Ellis Connolly (2013)
Types: Article
Subjects: Australia; exports; resources; manufactures; services; exchange rate; emerging Asia
Growth in Australian exports was weaker than had been expected over the past 10 years across all major categories: resources, rural, manufactures and services. While exports of bulk commodities and liquefied natural gas (LNG) grew strongly in response to higher demand from Asia, this was partly offset by declines in exports of oil and processed metals. Non-resource exports have been adversely affected by the appreciation of the exchange rate and the ongoing rise in the share of global production occurring in emerging economies. Looking ahead, the surge in mining-related investment since the mid 2000s is expected to lead to stronger growth in resource exports over the next five years. As incomes grow further in emerging Asia, demand for Australia’s exports of food products, high-skilled manufactures and services is also expected to rise.
  • The results below are discovered through our pilot algorithms. Let us know how we are doing!

    • 1993 1997 2001 2005 2009 2013 * OECD excluding central European economies, Mexico, South Korea and Turkey Sources: ABS; CPB Netherlands Bureau for Economic Policy Analysis; RBA 2004 2012 2004 2012 2004 Sources: Bureau of Resources and Energy Economics; International Energy Agency; RBA 20 30 40 50 Real GDP per capita (US$ '000) * 2012 prices converted at 2005 PPP exchange rates; 5-year moving averages Sources: BP; Conference Board; IMF; Maddison (2009); RBA; U.S. Energy Information Administration; World Bank 1 For more details on steel demand and residential construction in China, see Berkelmans and Wang (2012).
    • 20 30 40 50 Real GDP per capita (US$ '000) * 2012 prices converted at 2005 PPP exchange rates; 5-year moving averages ** Japanese fiscal years prior to 2009 Sources: Bureau of Resources and Energy Economics; Conference Board; IMF; The Japan Iron and Steel Federation; Maddison (2009); RBA; US Geological Survey; World Steel Association (worldsteel) 50 1993 1997 2001 2005 2009 * Export price deflators relative to domestic demand price deflator Sources: ABS; RBA 201350 2000 2004 2008 Sources: Bureau of Resources and Energy Economics; International Energy Agency 2003 2018 2003 2018 2003 Source: Bureau of Resources and Energy Economics 10/11 14/15 02/03 06/07 Source: Tourism Forecasting Committee Andrews D and R Arculus (2008), 'Australian Exports and Developing Asia', RBA Bulletin, June, pp 1-11.
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