INTERSTATE TRADE

QUEENSLAND'S INTERSTATE TRADE

The value of interstate imports for Queensland in the March 2008 quarter was $6,339.6 million, a -5.8% decrease on the previous quarter and 17% higher than the same quarter in 2007.

The value in the March 2008 quarter of interstate exports was $2,356.4 million, a decrease of -8.6% on the previous quarter and 0.7% higher than the same quarter 12 months earlier.

The value of imports continues to be between two and three times the value of exports.

NOTE: In compiling the estimates of Interstate Trade for the Office of Economic and Statistical Research, the ABS uses a partial coverage census based on businesses with more than $400,000 of interstate trade. This collection is now under review due to frame and coverage issues. New businesses are not well represented, so the estimates are likely to be understated. The estimates are prepared for use in the compilation of Treasury's State Accounts and users should exercise strong caution in their independent use.

For further information on this topic, please contact Queensland Treasury, Office of Economic and Statistical Research. Interstate trade data are released quarterly.