TRADE SURPLUS
- Although Western Australia's trade surplus ($10.8 billion) in the September quarter 2009 was 24% lower than for the same quarter of the previous year, this was primarily due to the dramatic rise in iron ore exports in the first half of 2008, when the global financial crisis (GFC) had not yet made a significant impact on the WA economy. In September 2009, the value of exports fell back to $17.4 billion; however this was $1.6 billion higher than the pre-GFC value (September 2007).
- Both imports and exports saw a gradual increase in value in the five years to September 2007. This was followed by a larger increase in exports in 2008 and consequently larger trade surpluses.
1 SEPTEMBER KEY FIGURES |
|
 | Sep 09 | Jun 09 | Sep 08 |
| Original | $m | $m | $m |
|
| Exports | 17 417.1 | 17 713.3 | 22 798.2 |
| Imports | 6 596.0 | 6 451.5 | 8 582.9 |
| Trade Surplus | 10 821.1 | 11 261.8 | 14 215.3 |
|
| Source: ABS data available on request, International Trade in Goods and Services, Australia (cat. no. 5368.0). |
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International Merchandise Trade
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