Fall In Value Of Imports To Australia

by David Sexton - last modified May 17, 2012 11:58 AM

According to the ABS, the value of imports in April was $18.8bn, down from $20.79bn in March, albeit up from the February figure of $17.9bn.
The value of mineral fuels was particularly down, going from $3.9bn to $3.2bn while machinery and transport equipment fell from $8.62bn to $7.5bn.

Chemicals and related products dropped from $2.12bn to $1.94bn.

Miscellaneous manufactured articles dropped from $2.241bn to $2.139bn/

There were some value increases, however, including beverages and tobacco (up from $134m to $147m), crude materials (up from $188m to $255m) and manufactured goods ($1.85bn to $1.95bn).

Chief executive of the Australian Federation of International Forwarders Brian Lovell said there were no particular trends at play, but with the Australian dollar weakening slightly against its US equivalent in recent weeks, exports could be expected to rise and imports fall slightly.

Back to News