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INTERNATIONAL TRADE IN ENERGY PRODUCTS
In 2004-05 Australia exported a total of 13,153 PJ of energy products, comprising 13,086 PJ of primary energy products and 67 PJ of derived energy products (table 17.8). In terms of energy content, the largest contributors were black coal (50% of total energy exports) and uranium (40%), followed by crude oil (4%) and liquefied natural gas (LNG) (4%). Total energy exports increased by 29% from 1999-2000 to 2004-05 with uranium (up 40%) and black coal (up 32%).
In contrast, total imports of energy products were relatively small (1,470 PJ in 2004-05) (table 17.8). Crude oil and LPG made up 72% of total energy imports in 2004-05. Imports of primary energy products have remained relatively constant over recent times. Imports of derived energy products (mainly petroleum-based products), however, have increased substantially from 157 PJ in 1999-2000 to 414 PJ in 2004-05 (up 163%).
17.8 ENERGY PRODUCTS, Volume of exports and imports
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 | | Exports | Imports |
| |
|
|
| | 1999-2000 | 2004-05 | Change from
1999-2000
to 2004-05 | 1999-2000 | 2004-05 | Change from
1999-2000
to 2004-05 |
| | PJ | PJ | % | PJ | PJ | % |
|
| Primary energy products | | | | | | |
| Black coal | 5,013.4 | 6,594.6 | 31.5 | - | - | - |
| Crude oil and ORF(a) | 772.5 | 555.3 | -28.1 | 1,042.4 | 1,042.2 | - |
| LPG | 73.4 | 73.1 | -0.4 | 13.3 | 13.9 | 4.5 |
| LNG | 431.0 | 576.0 | 33.6 | - | - | - |
| Uranium | 3,771.8 | 5,287.0 | 40.2 | - | - | - |
| Total | 10,062.1 | 13,086.0 | 30.1 | 1,055.7 | 1,056.1 | - |
| Derived energy products | | | | | | |
| Automotive gasoline | 46.9 | 26.5 | -43.5 | 36.4 | 107.1 | 194.2 |
| Aviation gasoline | 2.6 | 1.2 | -53.8 | 1.5 | 1.6 | 6.7 |
| Aviation turbine fuel | 21.3 | 8.8 | -58.7 | 6.3 | 36.2 | 474.6 |
| ADO and IDF(b) | 41.3 | 14.2 | -65.6 | 54.0 | 152.2 | 181.9 |
| Fuel oil and kerosene | 23.6 | 8.0 | -66.1 | 32.6 | 52.3 | 60.4 |
| Other petroleum products(c) | 15.8 | 8.6 | -45.6 | 26.5 | 64.1 | 141.9 |
| Briquettes | - | - | - | - | - | - |
| Coke | 0.6 | - | - | - | - | - |
| Total | 152.1 | 67.3 | -55.8 | 157.3 | 413.5 | 162.9 |
| Total | 10,214.2 | 13,153.3 | 28.8 | 1,213.0 | 1,469.6 | 21.2 |
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(a) Other refinery feedstock (ORF).
(b) Automotive diesel oil (ADO) and industrial diesel fuel (IDF).
(c) Also includes lubricants and greases, bitumen and other bituminous products, solvents, waste oils and diesel. |
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| Source: Australian Bureau of Agricultural and Resource Economics, 'Australian Energy Statistics - Australian Energy Update', 2006, Table J. |
Graph 17.9 shows the comparison between energy exports and imports over the last 30 years.
Table 17.10 shows the contribution of energy products to Australia's export earnings. In 2004-05 the export of energy products contributed approximately 24% towards Australia's total merchandise export earnings, up from 19% in 1999-2000. Black coal accounted for the largest share of the total value of energy exports (58% in 2004-05), followed by crude oil (19%) and LNG (11%). Imports of energy products (mainly crude oil) accounted for 10% of the total value of imports in 2004-05. Over the period 1999-2000 to 2004-05 the value of crude oil imports increased by $3.8b (up 64%).
While the volume of energy exports has increased by 29% in the period 1999-2000 to 2004-05 (table 17.8), the value of energy exports over the same period increased by 62%, partly due to price increases for energy products in the period. Although uranium accounted for over a third of all exports by energy content, the value of uranium exports contributed only 2% of the total value of energy exports in 2004-05.
17.10 ENERGY PRODUCTS, Value of exports and imports
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| Exports | Imports |
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|
| 1999-2000 | 2004-05 | Change from
1999-2000
to 2004-05 | 1999-2000 | 2004-05 | Change from
1999-2000
to 2004-05 |
| $m | $m | % | $m | $m | % |
|
| Black coal(a) | 8,323 | 17,144 | 106.0 | 5 | 11 | 120.0 |
| Crude oil and ORF(b) | 4,878 | 5,693 | 16.7 | 5,915 | 9,687 | 63.8 |
| LPG | 648 | 804 | 24.1 | 108 | 143 | 32.4 |
| LNG | 1,949 | 3,199 | 64.1 | - | - | - |
| Uranium oxide | 367 | 475 | 29.4 | - | - | - |
| Refinery products | 2,281 | 2,498 | 9.5 | 1,617 | 5,228 | 223.3 |
| Total of energy products | 18,446 | 29,813 | 61.6 | 7,645 | 15,069 | 97.1 |
| Total merchandise trade | 97,287 | 126,824 | 30.4 | 110,077 | 149,468 | 35.8 |
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(a) Coking plus steaming.
(b) Other refinery feedstock (ORF). |
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| Source: International Merchandise Imports, Australia, May 2006 (5439.0); International Trade in Goods and Services, Australia, May 2006 (5368.0); Australian Bureau of Agricultural and Resource Economics, 'Australian Commodity Statistics', 2004. |
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