Australia's trade growth with developing countries

Abstract

The share of Australia's exports to developing countries in the 1970s, and its growth over that decade, have been well above the industrial country average. Among the industrial countries, only Japan and (marginally) the United States have higher shares of exports to developing countries, and less so now than in 1970. The share of imports from developing countries has been growing more rapidly in Australia than in any other industrial country and by 1979 was close to the average for industrial countries. These changes have been even more marked for manufactures trade than total trade. By 1979, 5 per cent of Australia's domestic sales of manufactures were supplied by imports from developing countries, compared with an average of only 3 per cent sales i n other industrial countries. Show more