1301.0 - Year Book Australia, 2003  
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 24/01/2003   
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Contents >> Energy >> Australia's international trade in energy products

In 2001-02, 10,509 PJ of total energy production in Australia were exported (table 15.9). The largest contributors were black coal (51% of total energy exports) and uranium (33%). Crude oil and natural gas contributed 8% and 4%, respectively. Total energy exports (primary plus secondary) increased by 65% between 1993-94 and 2001-02. Among primary exports, uranium increased sharply (by 84%) and exports of black coal increased by 53% over this period.

Imports of energy products are relatively small by comparison (1,286 PJ in 2001-02) and are dominated by crude oil. Imports of this product increased by over a third between 1993-94 and 2001-02. Graph 15.10 shows the sharp contrast between exports of energy products from and imports of these products into Australia over more than 25 years.


15.9 ENERGY PRODUCTS, Volume of exports and imports
Exports
Imports
1993-94
1997-98
2001-02
1993-94
1997-98
2001-02
Fuel
PJ
PJ
PJ
PJ
PJ
PJ
Primary energy products
Black coal
3,484.5
4,390.5
5,339.5
4.9
3.0
1.1
Crude oil and ORF(a)
352.9
547.0
892.1
781.3
967.0
1,057.1
LPG
38.7
83.6
94.8
4.1
13.0
14.9
Natural gas(b)
327.8
415.8
(c)435.9
-
-
-
Uranium
1,877.2
3,015.1
3,462.0
-
-
-
Total
6,081.1
8,452.0
10,224.3
790.3
983.0
1,073.1
Secondary energy products
Automotive gasoline
30.5
52.0
42.6
4.0
12.1
49.4
Aviation gasoline
54.6
83.5
44.2
3.9
2.4
0.2
Aviation turbine fuel
58.1
90.8
89.8
2.6
1.4
8.3
Kerosene
2.0
1.2
0.6
-
-
(d)
Gas oil or fuel oil
59.2
39.8
60.3
38.0
32.2
22.3
Other petroleum products(e)
53.3
69.7
45.0
29.8
31.3
24.9
Coke
14.3
4.8
2.2
2.6
2.3
1.3
Total
271.9
341.9
284.6
80.9
81.7
106.4
Total
6,353.0
8,793.9
10,508.9
952.1
1 146.4
1,285.9
(a) Other refinery feedstock.
(b) ABARE estimate.
(c) 2000-01 value.
(d) From 30 January 1998 kerosene is included in Gas and fuel oils.
(e) Also includes lubes and greases, bitumen and other bitumous products, solvents, waste oils and diesel.

Source: ABS data available on request, International Trade Special Data Service; ABARE 2001.


Graph - 15.10 Exports and imports of energy products


Table 15.11 shows that the large volumes of exported energy products contributed significantly to Australia's export earnings. The export of energy products contributed about 21% towards Australia's total export earnings in 2001-02, up from 18% in 1993-94. Black coal accounts for by far the largest share of the total value of energy exports (52.2%), followed by crude oil (25.2%) and liquid natural gas (10.3%). Uranium contributes only 1.4% of the total value of energy exports. Imports of energy products (mainly crude oil) made up only 7.5% of the total value of imports in 2001-02. It is important to emphasise that although the quantity of energy exports (by energy yield) has increased by 65% from 1993-94 to 2001-02, the value of energy exports increased by 126%, a key factor of which is the decline of the Australian dollar relative to the US dollar, decreasing by 28% in value from US$0.73 in 1993-94 to US$0.52 by 2001-02.


15.11 ENERGY PRODUCTS, Value of exports and imports
Exports
Imports
1993-94
1997-98
2001-02
1993-94
1997-98
2001-02
Fuel
$m
$m
$m
$m
$m
$m
Black coal(a)
7,161
9,531
13,323
-
-
-
Crude oil and ORF(b)
1,424
2,251
6,422
2,803
3,697
7,454
LPG
138
367
720
19
68
117
LNG
1,047
1,599
2,636
-
-
-
Uranium
193
288
361
-
-
-
Automotive gasoline
172
304
405
750
93
450
Diesel fuel(c)
210
270
315
153
149
413
Other refinery products
964
1,079
1,321
392
431
596
Total
11,309
15,689
25,503
4,117
4,437
9,030
Total trade in goods and services
64,548
87,768
121,176
64,470
90,684
119,681
(a) Coking plus steaming.
(b) Other refinery feedstock.
(c) Includes automotive diesel oil and industrial and marine diesel fuel.

Source: International Merchandise Trade, Australia (5422.0); ABARE, electronic datasets.



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