Media releases
Los Cabos, Thursday 24 October 2002 - MVT136/2002
Trade and Investment in the APEC Region
Australian exports of goods to Asia Pacific Economic Cooperation
countries have grown by a healthy average of nine per cent each year
for the last five years, Trade Minister Mark Vaile said today.
Mr Vaile said in 2001-02 Australia exported goods worth $87.5 billion
to APEC economies, accounting for 72 per cent of Australia's goods
exports.
"In the last financial year exports of Australian goods to China
were up 14 per cent to $7.8 billion; New Zealand up 11 per cent to
$7.6 billion; and Korea up seven per cent to $9.9 billion. Export
growth to Mexico rose by an impressive 29 per cent to $479 million
while total trade in goods with Mexico reached $1 billion for the
first time."
"Australia's main exports to APEC countries in 2001-02 included coal
($8.5 billion), crude petroleum ($5.9 billion), iron ore ($4.8 billion),
aluminium ($4.2 billion), and beef ($7.6 billion). Exports of coal
(up 21 per cent) and iron ore (up eight per cent) rose significantly
during the year.
"The largest APEC markets for Australian exports were Japan, worth
$22.8 billion, the United States, worth $12.1 billion, and Korea,
worth $9.9 billion. These countries accounted for 37 per cent of
Australia's export income in 2001-02."
Highlights of Australia's trade with other APEC economies are contained
in the Department of Foreign Affairs and Trade publication The
APEC Region Trade and Investment, 2002, released today.
The publication contains details of trade between APEC economies
in both merchandise and services. It also compares major economic
indicators of each of the APEC members, including unemployment, inflation
and output.
Copies of the publication can be purchased for $48 by contacting
the Market Information and Analysis Unit on PH (02) 6261 3114 or Fax
(02) 6261 3321. An extract from the report will be available on the
Department's website at www.dfat.gov.au/publications/statistics.html
Orders for the publication can also be placed on the website.
Media Contact: Mark Croxford +61 02 6277 7420
Local Date:
Friday, 05-Dec-2008 13:41:05 EST
