The growth rates above refer to exports of goods in the latest three months compared with the same period a year ago.
The decline in Victoria included falls in exports of motor vehicles, non-ferrous metals (aluminium), petroleum and car engines partly offset by increases in exports of pharmaceuticals and vegetables and fruit.
Australia’s monthly trade deficit was $1556 million, up from $538 million. Exports fell 1 % including a large decline in gold exports. Monthly imports rose 4 % including a large rise in fuels.
Australia’s mining exports levelled out around 40 % below the peak level reached last October. The RBA commodity price index was broadly unchanged in July and again in August after falling 40 % in the previous eight months.
$ million current prices | NSW | VIC | QLD | SA | WA | TAS | NT | Aust. |
|---|---|---|---|---|---|---|---|---|
3 mths ended latest month | 7999 | 4415 | 10354 | 2056 | 17369 | 872 | 1269 | 46426 |
% growth on previous year | -6.0 | -18.3 | -19.0 | -30.3 | -15.1 | -9.9 | -15.3 | -14.9 |