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import trend (1 Viewer)

strawberry

Member
Joined
May 18, 2003
Messages
189
how has Australia's pattern of imports change over time?? have they??

please help...real fast if possible

thanks alot
 

Left-ism

Member
Joined
May 28, 2003
Messages
188
Gender
Male
HSC
1998
we used to import extensively from the EU (including UK)- in the 1950s- almost 60 percent of imports.
Now our import markets have diversified..we now import a lot more from the US and Asia (China, Japan etc.).
EU- 23%
USA 20%
ASEAN-15%
JAP- 12%
China- 10% and growing....

In terms of what we import-
24 percent consumer goods (varies with eco. growth)
38 percent intermediate goods (machinery parts, equipment, industrial supplies etc.)
17 percent capital goods-machinery, equipment
21 percent services- travel industry+freight services etc.

these havent really changed much- we still import a lot of technology and manufactured goods which we cant produce efficiently in AUS because of a lack of adequate factor endowments.

hope that helped.....
 

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