INTERNATIONAL TRADE IN ENERGY PRODUCTS

In 2009–10, Australia exported a total of 13,702 petajoules of energy products (table 19.8). In terms of energy content, the largest contributors were black coal (61% of total energy exports) and uranium (26%), followed by natural gas (7%) and crude oil (5%). Total energy exports decreased by less than 1% from 2008–09 to 2009–10 with natural gas up 16% and black coal up 12%. The largest fall was uranium (down 25%).

By contrast, total imports of energy products in 2009–10 were relatively small (2,014 PJ), with crude oil making up 52% of energy imports. Imports of primary energy products increased from 1,227 petajoules in 2008–09 to 1,311 petajoules in 2009–10 (up 7%). Imports of secondary energy products increased slightly from 689 petajoules in 2008–09 to 703 petajoules in 2009–10.

19.8 ENERGY PRODUCTS, Volume of exports and imports
		Exports			Imports
		2008–09	2009–10	Change from 2008–09 to 2009–10	2008–09	2009–10	Change from 2008–09 to 2009–10
		PJ	PJ	%	PJ	PJ	%
Primary energy products
	Black coal	7 411	8 327	12.4	–	–	–
	Crude oil and ORF(a)	614	668	8.8	941	1 056	12.2
	LPG	68	75	10.3	27	29	7.4
	Natural gas	838	972	16.0	259	226	–
	Uranium	4 754	3 551	–25.3	–	-	–
	Total	13 685	13 593	-0.7	1 227	1 311	6.8
Secondary energy products
	Automotive gasoline	8	8	–	139	132	–5.0
	Diesel	14	7	–50.0	318	335	5.3
	Other refined fuels and products(b)	97	94	–3.1	232	236	1.7
	Total	119	109	-8.4	689	703	2.0
Total		13 803	13 702	–0.7	1 915	2 014	5.2
– nil or rounded to zero (including null cells) (a) Other refinery feedstock (ORF). (b) Excludes non-fuel petroleum products such as bitumen, lubricants, solvents and greases. Source: Energy Account Australia, 2009–10 (4604.0), tables 2.3, 2.4, 3.5 and 3.6.

Graph 19.9 shows the comparison between energy exports and imports from 1979–80 to 2009–10. Over that period, exports of energy products exhibited very strong growth, up 587% from 1,995 petajoules in 1979–80 to 13,702 petajoules in 2009–10. In contrast, there was slower growth in imports of energy products, up 230% from 610 petajoules in 1979–80 to 2,014 petajoules in 2009–10.




Table 19.10 shows the value and contribution of selected energy products to Australia's trade. In 2009–10, the export of selected energy products, excluding uranium, contributed $56.7 billion (28%) to Australia's total merchandise export earnings. Black coal accounted for 64% of the total value of these selected energy exports ($36.4b), followed by crude oil (16%) and natural gas (14%).

Imports of selected energy products accounted for $27.5 billion (14%) of the total value of Australia's imports in 2009–10. Crude oil accounted for 54% of the total value of these selected energy imports ($14.7b), followed by refinery products (41%).

19.10 ENERGY PRODUCTS, Value of exports and imports
	Exports			Imports
	2008–09	2009–10	Change from 2008–09 to 2009–10	2008–09	2009–10	Change from 2008–09 to 2009–10
	$m	$m	%	$m	$m	%
Black coal(a)	54 711	36 446	-33.4	16	12	-25.0
Crude oil and ORF(b)	8 255	8 953	8.5	14 463	14 720	1.8
LPG	1 044	1 103	5.7	382	405	6.0
Natural gas	10 079	7 789	-22.7	2 165	1 218	-43.7
Refinery products	2 783	2 430	-12.7	12 928	11 136	-13.9
Total of selected energy products	76 872	56 721	-26.2	29 954	27 491	-8.2
Total merchandise trade	230 828	200 720	-13.0	219 485	203 590	-7.2
(a) Coking plus steaming.
(b) Other refinery feedstock (ORF).
Source: International Trade in Goods and Services, Australia, July 2011 (5368.0), tables 12b and 13b.