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 cars and car engines, iron and steel and aluminium partly offset by increases in exports of vegetables and fruit, plastics, cereals, pharmaceuticals and meat.
Australia’s trade balance in April was a deficit of $556 million compared with a deficit of $282 million in the previous month. Exports fell 5 % including large falls in coal and gold. Monthly imports fell 4 % including large falls in capital goods and in intermediate goods.
The RBA commodity price index fell 5 % in June pointing to a likely decline in exports in that month. The RBA index is now back to the level it was in mid 2006. Falling mining exports are gradually reducing year-on-year export growth in WA, Queensland and New South Wales relative to the other states.
$ million current prices |
NSW |
VIC |
QLD |
SA |
WA |
TAS |
NT |
Aust. |
|---|---|---|---|---|---|---|---|---|
3 mths ended latest month |
8721 |
4795 |
11361 |
2243 |
20510 |
875 |
1330 |
52006 |
% growth on previous year |
7.8 |
-9.3 |
15.7 |
-22.3 |
6.5 |
-16.9 |
2.3 |
4.9 |