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The Australian Bureau of Statistics estimates that in the year to June 2015, the nominal value of Tasmania’s overseas merchandise exports was $2.524 billion. This represents a decline of 8.5 per cent compared to the previous year when the value of exports was estimated to be $2.760 billion.
For Australia as a whole, the nominal value of overseas merchandise exports was estimated to have declined by 6.5 per cent in the year to June 2015.
Further data on Tasmania’s international merchandise exports is available on the following links:
Value of Tasmania’s international exports by country: 2012-13 to 2014-15
Value of Tasmania’s international exports by product: 2012-13 to 2014-15
Value of Tasmania’s international exports by country and product: 2012-13 to 2014-15
Value of Tasmania’s international exports by region and product: 2012-13 to 2014-15
NB. Small variations may exist between the sum total of some categories due to the effect of rounding.
In the year to June 2015 Tasmania’s largest export commodity categories by order of ranking were:
- processed metals and metal products - primarily aluminium and zinc and associated products (contributing $1 003 billion in value, an increase of 7 per cent from the previous year)
- ores and concentrates - primarily iron ores, tin ores and some copper ores (contributing $482 million, a decrease of 28 per cent from the previous year)
- confidential items of trade (contributing $184 million, an increase of 26 per cent compared to the previous year)
- meat products - predominantly fresh, chilled or frozen beef, and some sheep (contributing $179 million, an increase of 44 per cent compared to the previous year)
- dairy products - primarily powdered full cream and skim milk, approximately one-fifth cheese and a small amount of butter (contributing $155 million, a decrease of 18 per cent compared to the previous year).
- seafood products - primarily abalone and Atlantic salmon and approximately one-fifth rock lobster (contributing $147 million, an increase of 29 per cent compared to the previous year).
The export value of ores and concentrates is largely determined by global commodity prices. The decline in the value of dairy exports is primarily driven by a greater supply of dairy products being released onto the global market by various export countries during this period and associated downward pressure on prices.
During this same period Tasmania’s top trading partner was China, receiving goods with an estimated value of $488 million, or 19 per cent of Tasmania’s total exports. The next largest trading partners, by ranking, were Taiwan, Japan, Malaysia and Viet Nam.
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