Regarding the volume of Australia's exports of goods and services, it increased by 0.8% in the June quarter of 2007, while for the 2006-2007 financial year, increased by 4%. The index of prices received for exports did not have an ascending evolution, since it decreased by 0.3% in the June quarter 2007. However, in the 2006-2007 financial year, export prices increased up to 6% (DFAT, 2007).
Regarding rural goods, their exports fell 0.7% reaching $25.1 billion. The rural goods exports volumes fell 4% to 24.4 billion. The evolution of specific rural goods was the following: meat and meat preparations exports fell 14%, cereals exports fell 5%, wool and sheepskins exports increased 3%, while other rural exports fell 2%.
Non-rural goods exports increased up to 12%, reaching $131.9 billion. Exports volumes increased up to 5%, reaching $102 billion. The evolution of specific non-rural goods exports was the following: minerals and fuels exports increased up to 9%, reaching $72.8 billion; metal ores and minerals exports fell 1%; coal, coke and briquettes exports fell 3%, while other mineral fuels exports increased up to 5%.
Regarding other goods, their exports increased up to 15%, reaching $3.6 billion in June quarter 2007. Exports volumes also increased up to 16%. This evolution was due to significant increases in gold exports.
Services exports increased up to 10%, reaching $46.2 billion. Exports volumes increased 7%, reaching $43.2 billion. In this category, transportation exports increased 2% to $2.3 billion, travel services exports increased 2% to $6.6 billion, while other services exports decreased 0.2% to $3.1 billion.
The imports of goods and services increased by 8%, reaching $228 billion in the 2006-2007 financial year. The imports volume increased 10%. The imports prices decreased 1%.
The imports of consumption goods decreased 2% to $13.8 billion in the June quarter 2007, the imports of capital goods increased 0.5% to $20.5 billion, while other goods imports increased 10% to $2 billion. The imports of services increased 2% to $11.5 billion.
As a consequence, the deficit on the balance on trade increased by $264 million to $3.8 billion in the June quarter 2007. However, for the 2006-2007 financial year, the deficit on the balance on trade decreased by...
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