Territory Stories

International trade : Economic brief

Details:

Title

International trade : Economic brief

Creator

Northern Territory. Department of Treasury and Finance. Economic Group

Collection

International trade; E-Journals; PublicationNT; Economic brief

Date

2022-05-31

Location

Darwin

Notes

Made available via the Publications (Legal Deposit) Act 2004 (NT).; This publication contains many links to external sites. These external sites may no longer be active.; Released: 7 July 2022 | Next release: 4 August 2022

Language

English

Subject

Economic conditions; Periodicals

Publisher name

Northern Territory Government

Place of publication

Darwin

Series

Economic brief

Volume

Brief, May 2022

File type

application/pdf

Use

Attribution International 4.0 (CC BY 4.0)

Copyright owner

Northern Territory Government

License

https://creativecommons.org/licenses/by/4.0/

Parent handle

https://hdl.handle.net/10070/870314

Citation address

https://hdl.handle.net/10070/870317

Page content

International trade Department of TREASURY AND FINANCE Page 2 of 2 Caution is advised when using monthly data for the Territory, as it is often derived from small samples and can be highly volatile. Although due care has been exercised in preparing this material, no responsibility is accepted for any errors or omission. More information Economic Group | Department of Treasury and Finance P: 08 8999 6718 | E: economics.dtf@nt.gov.au | W: nteconomy.nt.gov.au Table 1: International trade in goods and services May-21 Apr-22 May-22 Year to date Monthly1 Annual2 Year-on-year3 Northern Territory ($M) Original Balance of goods trade 459 1 184 1 015 14 371 -14.3 121.1 65.2 goods exports 562 1 319 1 249 16 130 -5.3 122.2 65.1 goods imports 103 135 234 1 759 73.3 127.2 65.0 Australia ($M) Original Balance of trade 12 039 14 802 16 487 135 951 11.4 36.9 60.0 goods 11 388 15 305 17 290 140 141 13.0 51.8 99.1 services 651 - 503 - 803 - 4 190 -59.6 -223.3 -128.7 Seasonally adjusted Balance of trade 9 985 13 248 15 965 135 558 20.5 59.9 goods 9 166 13 850 16 552 139 605 19.5 80.6 services 819 - 602 - 588 - 4 043 2.3 -171.8 Trade Weighted Index4 64.1 63.8 62.5 61.8 -2.0 -2.5 -0.5 $A/US Exchange Rate4 0.78 0.74 0.71 0.73 -4.7 -9.1 -1.1 Table 2: Territory's major goods trading partners, original data May-21 Apr-22 May-22 Year to date Monthly1 Year-on-year3 Exports ($M) Japan 143 572 579 7 126 7 3 682 China (excludes SARs and Taiwan) 161 135 91 2 330 - 44 - 46 Singapore 99 348 0 2 043 - 348 1 572 Korea, Republic of (South) 17 20 88 1 248 68 502 Taiwan 0 130 145 1 064 15 90 Papua New Guinea 53 0 110 559 110 352 Thailand 0 0 111 553 111 393 Indonesia 41 54 67 465 13 65 India 11 12 35 174 23 - 18 Malaysia 9 7 7 142 0 0 Imports ($M) Korea, Republic of (South) 3 70 76 387 6 311 Singapore 20 18 9 342 - 9 232 Malaysia 29 1 1 194 0 - 80 Taiwan 3 5 87 160 82 124 Japan 18 19 9 152 - 10 21 China (excludes SARs and Taiwan) 6 9 14 132 5 33 Thailand 10 3 10 105 7 5 United States of America 5 1 8 67 7 15 Italy (includes Holy See and San Marino) 2 2 2 39 0 10 Australia (Re-imports) 1 1 2 32 1 13 SAR: Special Administrative Region. 2 Compares the latest month with the same month last year. 3 Compares the 12 months up to and including the latest month with the previous 12 month period. 4 Year to date result is reported as the annual average. Source: Department of Treasury and Finance; ABS Cat. No. 5368.0 Change (%) Change ($M) 1 Compares the latest month with the previous month. Period Period file://///prod.main.ntgov/ntg/Users/DTF/lmarq/Economic%20brief%20update/economics.dtf@nt.gov.au https://nteconomy.nt.gov.au/


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