2002•Australian Commodities: Forecasts and IssuesRequires access

Commodity Outlook: Rise in Minerals Export Earnings to Offset Fall from Rural Sector

Jammie Penm

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Abstract

While farm export earnings are expected to decline markedly, the value of Australia's commodity exports is forecast to remain just over $90 billion in 2002-03. Reflecting a significant reduction in crop production, export earnings from farm commodities are forecast to fall by 7.4 per cent to $28.7 billion in 2002-03. The value of Australia's minerals and energy exports is forecast to rise by 4.2 per cent to $57.8 billion in 2002-03.

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While farm export earnings are expected to decline markedly, the value of Australia's commodity exports is forecast to remain just over $90 billion in 2002-03. Reflecting a significant reduction in crop production, export earnings from farm commodities are forecast to fall by 7.4 per cent to $28.7 billion in 2002-03. The value of Australia's minerals and energy exports is forecast to rise by 4.2 per cent to $57.8 billion in 2002-03.

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Available abstract

While farm export earnings are expected to decline markedly, the value of Australia's commodity exports is forecast to remain just over $90 billion in 2002-03. Reflecting a significant reduction in crop production, export earnings from farm commodities are forecast to fall by 7.4 per cent to $28.7 billion in 2002-03. The value of Australia's minerals and energy exports is forecast to rise by 4.2 per cent to $57.8 billion in 2002-03.

Key concepts: Earnings, Commodity, Agricultural economics, Economics, Value (mathematics), Production (economics), Finance, Macroeconomics

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