BALANCE OF MERCHANDISE TRADE
In August 2009, the balance of international merchandise trade (i.e. the value of exports less the value of imports) for Victoria was a deficit of $2,648m. The value of the state's merchandise exports was $1,464m, while merchandise imports totalled $4,112m. Compared with August 2008, Victoria's trade deficit in August 2009 was $898m (25.3%) lower, with a decline in the value of exports (down $154m, 9.5%) being more than offset by a larger fall in the value of imports (down $1,052m, or 20.4%). Victoria recorded an average monthly trade deficit of $2,892m for the 12 months ending August 2009.
At the national level, the value of imports and exports (including re-exports) were lower by 15.9% and 26.2%, respectively, in August 2009 compared with August 2008.
Balance of international merchandise trade(a)
In 2008-09, Victoria's trade deficit was $36,076m, an increase of $556m (1.6%) over the previous financial year. The state's exports decreased by $157m (0.8%) while imports increased by $400m (0.7%).
View underlying table as an Excel spreadsheet:
1367.2 Balance of international merchandise trade (file size 32kB).
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