Merchandise Export Markets
In 2006-07, New South Wales' merchandise exports were valued at over $28 billion. Japan, New Zealand and China are the State's top three export destinations.
The largest increases in New South Wales' exports, compared with the previous year, were to South Africa (up $236 million or 50%), India (up $225 million or 39%), Japan (up $224 million or 4%), and China (up $184 million or 9%). Contributing most to export growth was strong demand for New South Wales’ major mineral and energy commodities of copper and aluminium, together with significant increases in exports of manufactured goods including medicinal and pharmaceutical products, medical devices, electrical equipment and machinery.
Australia has Free Trade Agreements (FTA) with the United States, Thailand, Singapore and New Zealand, and is currently negotiating or considering negotiating a number of new Agreements with countries including Japan, China, Malaysia, Korea, the 10 members of the Association of Southeast Asian Nations (ASEAN), the Gulf Cooperation Council and Chile. FTAs with these countries are expected to provide substantial economic benefits for Australia through improved access to markets.
Top 10 New South Wales Merchandise Export Markets, 2006-07
| Country |
NSW (1) (A$ million) |
Australia (2) (A$ million) |
% of total NSW exports |
% of total Australian exports |
| Japan |
6,719 |
32,629 |
23.9 |
19.4 |
| New Zealand |
2,377 |
9,434 |
8.5 |
5.6 |
| China |
2,284 |
22,807 |
8.1 |
13.6 |
| United States |
2,274 |
9,804 |
8.1 |
5.8 |
| Korea |
1,979 |
13,098 |
7.0 |
7.8 |
| Taiwan |
1,327 |
6,189 |
4.7 |
3.7 |
| Thailand |
950 |
4,256 |
3.4 |
2.5 |
| India |
809 |
10,095 |
2.9 |
6.0 |
| Malaysia |
733 |
3,103 |
2.6 |
1.8 |
| South Africa |
707 |
2,316 |
2.5 |
1.4 |
| Sub-total |
20,158 |
113,729 |
71.8 |
67.6 |
| |
| Total (3) |
28,073 |
168,139 |
100.0 |
100.0 |
Footnotes:
1: New South Wales' exports exclude re-exports (re-export data for New South Wales is not available by country). According to Australian Bureau of Statistics (ABS) National Accounts figures, total New South Wales' merchandise exports, including re-exports, were A$31,692 million in 2006-07.
2: Australian exports include re-exports.
3: Including re-exports, New South Wales' percentage share of Australian merchandise exports in 2006-07 was 18.9%.
Source: ABS data on request (preliminary), November 2007.