Australia's Foreign Trade

Bilateral


The bilateral trade between India and Australia was A $ 3.23 billion during the year 2001. The value of total trade rose by A$ 667.1 million ( 23.4% ) when compared to the previous year 2000.

The trend in bilateral trade over the past five years is shown below.



Year 1996 1997 1998 1999 2000 2001

A$ million

Total Indian Imports 1224.5 1692.1 2147.8 1516.5 1832.2 2423.5
Total Indian Exports 564.1 636.5 681.0 683.8 732.4 808.4
Trade Balance -660.4 -1055.6 - 1466.6 -832.7 -1099.6 -1616.1
Bilateral Trade 1788.6 2328.6 2828.8 2200.3 2564.6 3231.9



India's exports to Australia rose by 10.4 % to A$ 808.4 million in 2001. Over last year's exports of A$ 732.4 million.

India's imports from Australia rose steeply by 32.3% an increase of A$ 591.1 million. The value of India's imports was A$ 2423.5 million as compared to A$ 1832.4 million the previous year 2000.

In 2001 India ranked 13th in Australia's export market when India's share of Australia's total exports was 1.7% for the year. India's share of Australia's total imports was 0.6% and ranked 27th as an import source. India ranked 18th as Australia's trading partner during the year 2001.



Indian Exports


In 2001, as in the previous years, India's exports of Textiles & Clothing maintained its lead over the other sectors. This was followed by Chemicals & Related products, Engineering Goods & manufactures, Plantation & Agricultural products, Gems & Jewellery and Leather & Leather manufactures.

In 2001 the top ten commodities exported to Australia were Pearls - Precious & Semi -Precious Stones, Made-up articles of Textiles, Crustaceans, Bituminous oils, Footwear, Floor coverings, Female clothing, Manuf. of Base metals, Male Clothing and Travel goods.



Performance of some major exports

A commodity wise break-up (in value & percentage) of India's exports to Australia in 2001 is given in the chart below (Figure-2).


Source: Australian Bureau of Statistics (Dept of Foreign Affairs and Trade)



Plantation, Agricultural, Marine and Food products, Gem & Jewellery and Chemicals & related products, Engineering Goods & Manufactures, Leather & Leather manufactures were sectors which registered increases. There was a decrease in the Textiles, Clothing & Accessories sector. ( Figure 3.)


Plantation , Agricultural, Marine & Food Products


This sector accounted for 11% of India's exports to Australia. The exports in this sector increased by 36.3% to A$ 87.5 million over the same period last year 2000. Crustaceans' exports (prawns, shrimps etc) rose steeply from A$ 22.4 million last year to A$ 39.9 million in 2001. Exports of spices (pepper, ground spices etc) rose to $ 5.8 million in 2001 from A$ 4.9 million the previous year 2000. Exports of fruits and nuts (mainly Cashew nuts and other edible nuts etc)




Figure 3
Source: Australian Bureau of Statistics (Dept of Foreign Affairs and Trade)



fell from A$ 8.2 million in 2000 to A$ 7.3 million in 2001. Tobacco ( un-manufactured) exports registered an increase from A$ 2.5 last year to A$ 4.2 million in 2001. Export of coffee fell, while that of tea and rice rose marginally.



Chemicals - related and allied Products


This sector second to textile exports accounted for 25% of India's exports in 2001. Textile exports rose once more to A$ 198.9 million ( 26.8% ) from A$ 156.9 million last year. It had registered growth in exports over the past years 1999 and 2000

Exports of Organo -Inorganic compounds rose steeply from A$ 9.0 million last year to A$16.3 million in 2001. Petroleum Oils (from Bituminous minerals) exported to a value of A$ 11.9 million in 2000 jumped to A$ 36.6 million in 2001. Carboxylic acids also rose steeply to A$ 16.1 million from A$ 6.0 million last year. Exports of Medicinal & Pharmaceutical products increased to A$ 10.2 million from A$ 6.1 million last year in 2000.



Leather, Leather goods, Footwear and Travel goods


Exports in this sector rose by just 2.0% from A$ 54.8 million to A$ 55.9 million in 2001. While Footwear rose by A$ 2.1 million to A$ 24.3million , Travel goods fell by A$ 2.9 million to A$ 18.9 million in 2001. Leather exports rose from A$ 5.6 million to A$ 7.5 million.


Textiles, Clothing and Made-ups


This sector accounted for 25 % of India's total exports this year 2001. Total exports for this year amounted to A$204.5 million. The sector registered a decrease of A$ 20 million. The top five commodities in the textile sector were Made up articles, Floor coverings, Women's or girls clothing (not knitted), Men's or boys' clothing (not knitted) and Textile yarn in that order.

With the exception of Made -up articles all the other commodities registered a fall. Exports of Made ups remained the same as last year A$ 49.9 million. Floor coverings registered a fall of 8.3 % to A$ 24.2 million. Women's or girls clothing and Men's or boys clothing (not knitted ) fell by 22.8% to A$ 20.6 million and 14.5 % to A$ 19.4 million respectively. Textile yarn also fell from A$ 21.5 million last year to A$ 18.7 million in 2001.

A comparison, for the last two years, of India's top ten exports is also shown in the chart - figure 4.




Figure 4
Source: Australian Bureau of Statistics (Dept of Foreign Affairs and Trade)




Engineering Goods and Manufactures


This sector accounted for 22% of India's exports to Australia this year. Value of exports rose by 7% to A$ 176.6 million. Exports of Manufactures of base metal fell from A$ 20.7 million last year to 19.8 million in 2001. Household equipment of base metals marginally decreased to A$ 11.4 million in 2001 from A$ 11.8 million last year. Structures and parts of iron and steel fell from A$ 7.7 million last year to A$ 6.9 million. Electrical apparatus used in circuits increased by 37.5 % to A$ 7.7 million in 2001. While exports of Taps -cocks -valves remained the same as last year at A$ 5.8 million, Tubes-pipes and Hand tools registered growth in 2001 from A$ 3.9 to A$ 4.8 million and A$ 4.3 million to A$ 6.1million respectively. Baby carriages, toys games and sports goods rose from A$ 13.8 million to A$ 15.9 million. Furniture (also grouped under this sector) rose by 39% to A$ 10.7 million.



Gems and Jewellery


In 2001 this sector registered a rise of 19% to A$ 65.3 million over last year's export of A$ 54.9 million. Exports of Precious and Semi -precious stones (chiefly diamonds) rose by 23.8 % to A$ 51.9 million this year. Jewellery, gold and silverware remained the same at A$ 12.6 million.



Indian Imports


India's imports from Australia rose steeply by 32.3% a rise of A$ 591 million. The value of the imports was A$ 2423.5 million in 2001 as compared to A$ 1832.4 million the previous year 2000.




Performance of India's imports from Australia


India's chief imports from Australia this year were Coal, Copper ores, Wool, Non-monetary Gold, Vegetables, Cotton, Silver Platinum, Copper, Zinc and Aluminium in that order .

A percentage break-up of India's major Imports from Australia during 2000-01 is shown in the chart - figure 5.




Figure 5
Source: Australian Bureau of Statistics (Dept of Foreign Affairs and Trade)



All Imports of Coal, Copper ores, Non-monetary Gold, Vegetables, Cotton, Silver Platinum, Copper, Zinc and Aluminium registered increases. Wool registered a marginal rise this year (2001).

Coal which is Australia's largest export to India rose steeply this year 2001. Coal registered an increase of 29.9 % to A$ 964.9 million from A$ 742.9 million during 2000. India's imports of Wool increased very marginally from A$ 173.7 million last year 2000 to A$ 174.8 million in 2001.

Imports of Copper Ores rose by 26.7 % over the previous year to A$ 25.6 million during 2001. Zinc imports also rose from A$17.8 million to A$ 23.3 million. There was a steep increase in Non Monetary Gold imports from A$ 7.1 million in 2000 to A$ 166.2 million in 2001. Some of the commodities in the 'others' category were Non ferrous and ferrous waste and scrap A$ 40.3 million , Refined Petroleum A$ 14.4 million and Measuring and controlling instruments A$ 9.4million.

A comparison, for the last two years, of India's top ten imports is also shown in the table - figure 6.


Commodity / Year 2001 2000
A$ million
Coal 964.9 742.9
Copper Ores 285.9 225.6
Wool 174.8 173.7
Non-monetary gold 166.2 7.1
Fresh vegetables 165.9 116.0
Cotton 157.3 122.9
Silver Platinum 54.2 36.1
Copper 29.2 14.4
Zinc 23.3 17.8
Aluminium 23.1 2.1



Cotton imports from Australia increased by 28 % in 2001 to A$ 157.3 million. India's import of Fresh Vegetables ( chiefly chickpeas, shelled peas etc) registered a steep increase of 43 % to A$ 165.9 million. Import of Copper doubled in 2001. Aluminium import increased steeply to A$ 23.1 million from A$ 2.1 million in 2000.



Bilateral Trade over the last five years 1997- 2001


Year 1997 1998 1999 2000 2001
Total Bilateral Trade
A$ million
2328.6 2828.8 2200.3 2564.8 3231.9
% increase over the previous year 30.2 % 21.5 % (-) 22.2 % 16.6 % 26 %
India's Total imports from Australia
A$ million
1692.1 2147.8 1516.5 1832.4 2423.5
% increase over the previous year 38.2 % 26.9 % (-) 29.4 % 20.8 % 32.3 %
India's Total exports to Australia
A$ million
636.5 681.0 683.8 732.4 808.4
% increase over the previous year 12.8 % 7.0 % 0.41 % 7.1 % 10.4 %




India and the Australian States

Australia has six states and two territories. They are New South Wales (NSW), Victoria (VIC), Queensalnd (QLD), South Australia (SA), Western Australia (WA), Tasmania (TAS), Northern Territory (NT) and Australian Capital Territory (ACT). The economic activity is focussed on


Source: Australian Bureau of Statistics (Dept of Foreign Affairs and Trade) - Fiscal year July - June


Australia's Eastern seaboard where majority of the population lives. The major Eastern States New South Wales (NSW), Victoria (VIC) and Queensland (QLD) account for 34 percent, 26 percent and 16 percent of the GDP respectively.



Indian exports to Australian States


These major three states accounted for 89% of India's total exports during the year 2000-2001. New South Wales - A$ 269.2 million (36%), Victoria - A$ 291.4 million and Queensland - A$ 114.6 million (15%). While Western Australia and South Australia accounted for ( 6%) A$ 46.4 million and (4%) A$ 27.4million respectively Tasmania and the territories accounted for the remaining (1%) A$ 4.93 million.

Chief exports to the major states during 2000 -2001 were NSW - Diamonds & Medicaments, VIC- Shrimps & Prawns and Men's or Boys cotton shirts, QLD - Gas oils (bitumen) & Diamonds and WA - Cotton yarn and Diamonds.



Indian imports from Australian States


The three major state of NSW , VIC and QLD accounted for 80 % of India's imports from Australia during the year 2000-2001


Source: Australian Bureau of Statistics (Dept of Foreign Affairs and Trade) - Fiscal year July - June



Queensland was the top exporter to India with the exports valued at A$ 992.8 million (48%) NSW exports were valued at A$ 442.1m (21%). Victorian exports were valued at A$ 220.3 million (11%) WA , SA and TAS accounted for A$ 302 million (20 %) of Australia's exports.

The chief exports of the major states for the year 2000 -2001 were QLD - chiefly of Coal and Copper ores., NSW - Coal and Cotton, VIC - wool and Photographic paper, WA - non monetary gold and wool , SA - Powdered Silver and dried shelled peas and TAS -Copper Ore and Zinc.

© 2003 Consulate General of India ,Sydney