Australia’s non-monetary gold exports to India surged in 2003-04
following the reform of India’s gold trading regime, aimed at encouraging
India’s jewellery export industry. There is substantial domestic demand in
India for gold, particularly in rural India, which is increasing with growth
in incomes. In 2005-06, non-monetary gold accounted for $2.8 billion,
or 32 per cent of Australia’s exports to India
In the past 10 years Australia’s exports of goods and services to China have
risen more than five fold to over $21 billion. Resources products, including
minerals, energy and processed metals, account for around 50 per cent of our
exports to China. Metals and metal ores and oxides make up the bulk of
Australia’s resources exports to China (over 90 per cent). Iron ore is the
single largest export item, worth $6.8 billion in 2005-06. Exports of iron ore
to China now exceed Australia’s exports of iron ore to the rest of the world.
Other prominent exports include alumina,copper,nickel,lead, zinc and manganese.
In 2005-06, Australia’s diamond exports to Belgium and the UK amounted
to $662 million.
Netherlands is the largest exporter of canned button mushrooms with a market
share of about 38.5%. China is another significant exporter of the processed
form of this variety, accounting for almost 30% of world trade. France is
another important exporter, contributing to about 13.5% of the world exports. |
