Value of Australian Imports fell 5%

February 2014 – Australian imports reflected a massive $20.51 billion worth of international goods this February. However, this is 5% lower than January’s $21.61 billion as reported by the Australian Bureau of Statistics (ABS).

Australia’s goods with declined imports this February

Below is a breakdown of Australia’s goods with declined imports.

• Furniture, which includes bedding, fell from $323 million to $234 million
• Office machines and automatic data processors fell from $799 million to $644 million
• Telecom equipment and parts fell from $809 million to $667 million
• Apparel and accessories fell from $765 million to $699 million
• Footwear fell from $180 million to $153 million
• Textiles and fabrics fell from $268 million to $240 million
• Household electrical equipment from $983 million to $818 million
• Medicinal and pharmaceutical products from $789 million to $938 million

Are there any good news?

It is not all bad in the import sector as seasonally adjusted terms in good debits increased by 1% from $321 million to $22.98 billion between January and February. Pulp and waste paper imports was also stable at $20 million.

About the ABS

The Australian Bureau of Statistics (ABS) is a branch of the Australian government that deals with statistical information. It provides key statistical data on a broad range of economic, population, environmental and social issues. This assists and encourages within governments and the community:

• informed decision making
• research
• discussion

The website of the Australian Bureau of Statistics provides statistical data free of charge. It’s mission is to give quality statistics and develop value-added statistical solutions that allow for the best decisions possible on vital issues. The Australian Bureau of Statistics has the vision of “Unleashing the power of statistics for a better Australia.”

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