INTERNATIONAL TRADE IN ENERGY PRODUCTS
In 2005-06 Australia exported a total of 12,637 PJ of energy products, comprising 12,560 PJ of primary energy products and 77 PJ of derived energy products (table 19.8). In terms of energy content, the largest contributors were black coal (52% of total energy exports) and uranium (38%), followed by liquefied natural gas (LNG) (5%) and crude oil (4%). Total energy exports increased by 9% from 2000-01 to 2005-06 with LNG up 53% and black coal up 19%.
By contrast, total imports of energy products were relatively small (1,549 PJ in 2005-06) (table 19.8). Crude oil and LPG made up 64% of total energy imports in 2005-06. Imports of primary energy products have decreased slightly from 2000-01 to 2005-06 (down 4%). Imports of derived energy products (mainly petroleum-based products), however, have increased substantially from 154 PJ in 2000-01 to 557 PJ in 2005-06 (up 261%).
19.8 ENERGY PRODUCTS, Volume of exports and imports |
|  |
| | Exports | Imports | |
| | 2000-01 | 2005-06 | Change from 2000-01 to 2005-06 | 2000-01 | 2005-06 | Change from 2000-01 to 2005-06 | |
| | PJ | PJ | % | PJ | PJ | % | |
| |
| Primary energy products | | | | | | | |
| Black coal | 5 517.6 | 6 581.8 | 19.3 | - | - | - | |
| Crude oil and ORF(a) | 889.6 | 459.8 | -48.3 | 1 019.5 | 976.6 | -4.2 | |
| LPG | 71.6 | 71.9 | 0.4 | 16.3 | 15.4 | -5.5 | |
| LNG | 409.6 | 627.8 | 53.3 | - | - | - | |
| Uranium | 4 569.3 | 4 818.9 | 5.5 | - | - | - | |
| Total | 11 457.7 | 12 560.2 | 9.6 | 1 035.8 | 992.0 | -4.2 | |
| Derived energy products | | | | | | | |
| Automotive gasoline | 44.1 | 24.4 | -44.7 | 40.7 | 126.1 | 209.8 | |
| Aviation gasoline | 0.9 | 2.8 | 211.1 | - | 1.5 | - | |
| Aviation turbine fuel | 27.8 | 4.7 | -83.1 | 14.3 | 30.1 | 110.5 | |
| ADO and IDF(b) | 49.3 | 16.2 | -67.1 | 43.6 | 236.3 | 442.0 | |
| Fuel oil and kerosene | 29.1 | 19.4 | -33.3 | 33.2 | 57.9 | 74.4 | |
| Other petroleum products(c) | 18.0 | 9.5 | -47.2 | 22.4 | 104.6 | 367.0 | |
| Briquettes | - | - | - | - | - | - | |
| Coke | 0.5 | - | -100.0 | - | - | - | |
| Total | 169.7 | 77.0 | -54.6 | 154.2 | 556.5 | 260.9 | |
| Total | 11 627.4 | 12 637.2 | 8.7 | 1 190.0 | 1 548.5 | 30.1 | |
| |
| - nil or rounded to zero (including null cells) |
| (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. |
| Source: Australian Bureau of Agricultural and Resource Economics, 'Australian Energy Statistics - Australian Energy Update', 2007, Table J. |
Graph 19.9 shows the comparison between energy exports and imports from 1975-76 to 2005-06.
19.9 Exports and imports of energy products
Table 19.10 shows the value and contribution of energy products to Australia's trade. In 2005-06 the export of energy products contributed $39.4b (26%) towards Australia's total merchandise export earnings. Black coal accounted for 62% of the total value of energy exports in 2005-06 ($24.3b), followed by crude oil (15%) and LNG (11%). Imports of energy products (mainly crude oil) accounted for $21.5b (13%) of the total value of Australia's imports in 2005-06. Over the period 2000-01 to 2005-06 the value of crude oil imports increased by $4.2b (up 51%).
While the volume of energy exports has increased by 9% in the period 2000-01 to 2005-06 (table 19.8), the value of energy exports over the same period increased by 54%, partly due to price increases for energy products in the period. Although uranium accounted for over a third of all exports by energy volume, the value of uranium exports contributed only 1% of the total value of energy exports in 2005-06.
19.10 ENERGY PRODUCTS, Value of exports and imports |
| |
| Exports | Imports | |
| 2000-01 | 2005-06 | Change from 2000-01 to 2005-06 | 2000-01 | 2005-06 | Change from 2000-01 to 2005-06 | |
| $m | $m | % | $m | $m | % | |
| |
| Black coal(a) | 10 829 | 24 290 | 124.3 | 2 | 12 | 532.1 | |
| Crude oil and ORF(b) | 7 640 | 5 997 | -21.5 | 8 258 | 12 432 | 50.5 | |
| LPG | 830 | 1 002 | 20.7 | 160 | 198 | 23.4 | |
| LNG | 2 671 | 4 416 | 65.3 | - | 152 | - | |
| Uranium oxide | 497 | 546 | 9.8 | - | - | - | |
| Refinery products | 3 233 | 3 190 | -1.3 | 2 120 | 8 748 | 312.7 | |
| Total of energy products | 25 700 | 39 440 | 53.5 | 10 540 | 21 542 | 104.4 | |
| Total merchandise trade | 119 540 | 152 491 | 27.6 | 118 315 | 167 501 | 41.6 | |
| |
| - nil or rounded to zero (including null cells) |
| (a) Coking plus steaming. |
| (b) Other refinery feedstock (ORF). |
| Source: International Merchandise Imports, Australia (5439.0); International Trade in Goods and Services, Australia (5368.0); Australian Bureau of Agricultural and Resource Economics, 'Australian Commodity Statistics', 2004. |
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