Value-added Trade and the Australian Economy

Gerard Kelly and Gianni La Cava ()
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Gerard Kelly: Reserve Bank of Australia

RBA Bulletin (Print copy discontinued), 2013, 29-38

Abstract: Australia's trade linkages have been affected by the expansion of global production networks, with Australia typically exporting commodities that are used to produce goods and services that are, in turn, exported to other markets. In this article, estimates of value-added trade are presented for Australia that complement conventional trade statistics. The value-added trade estimates suggest that the United States and Europe are more important for export demand than implied by conventional trade statistics, as some Australian content is exported to those locations indirectly via east Asia through global supply chains. The value-added trade estimates also highlight the importance of the services sector to Australian trade, as the services sector is integral to producing goods exports.

Keywords: Australia; value-added trade; exports; imports; global supply chains (search for similar items in EconPapers)
Date: 2013
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