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Tuesday, 24 February 1987
Page: 657

(Question No. 4291)


Mr Hunt asked the Treasurer, upon notice, on 5 June 1986:

(1) What is the (a) value of and (b) percentage of foreign exchange earnings, in both percentage and dollar terms, for the years 1979-80 to 1984-85 for the (i) agricultural industries, except wool, (ii) wool, (iii) minerals, (iv) petro-chemicals, (v) other mining sector industries, (vi) manufacturing, and (vii) other export industries sector.

(2) What is the (a) interest and capital repayments made to overseas lenders, (b) profits expatriated overseas, (c) capital equipment imported to Australia, and (d) other payments made overseas for each industry sector in part (1).


Mr Keating —The answer to the honourable member's question is as follows:

(1) The attached table sets out Australia's major exports by broad commodity groups in terms of their value and percentage of total exports for the years 1979-80 to 1985-86.

(2) (a) The levels of interest and capital repayments made to overseas lenders are not available on a sectoral basis.

(b) The latest information available from the Australian Bureau of Statistics on income payable on direct foreign investment in enterprises by selected sectors is set out below:

INCOME PAYABLE ON DIRECT FOREIGN INVESTMENT IN ENTERPRISES BY INDUSTRY SECTOR

($A million)

1979-80

1980-81

1981-82

1982-83

1983-84

Agriculture...

11

-2

-24

-7

-2

Mining...

497

472

180

138

421

Chemicals, Petroleum and Coal Products...

170

156

149

58

149

Manufacturing...

429

471

594

-31

602

Other Industries...

867

723

621

477

909

Total...

1,974

1,820

1,520

635

2,079

Source: Foreign Investment Australia, 1983-84 ABS Catalogue No. 5305.0.

(c) Data for imports of capital equipment are not available on a sectoral basis. However, data for total imports of capital equipment between 1979-80 and 1985-86 are set out below:

IMPORTS OF CAPITAL EQUIPMENT TO AUSTRALIA ($A million)

1979-80-2,610

1980-81-3,715

1981-82-4,637

1982-83-4,357

1983-84-4,932

1984-85-6,583

1985-86-8,094

(d) The information requested on other payments made overseas for each industry in part (1) is not available.

EXPORTS

1979-80

$m

% of

Total

1980-81

$m

% of

Total

1981-82

$m

% of

Total

1982-83

$m

% of

Total

1983-84

$m

% of

Total

1984-85

$m

% of

Total

1985-86

$m

% of

Total

RURAL EXPORTS

Meats ...

1,729

9.3

1,593

8.5

1,380

7.2

1,675

8.1

1,393

5.9

1,372

4.7

1,700

5.3

Cereals ...

2,957

15.9

2,339

12.5

2,484

13.0

1,849

9.0

2,773

11.7

3,855

13.2

3,900

12.1

Sugars ...

719

3.9

1,199

6.4

784

4.1

608

2.9

676

2.9

615

2.1

646

2.0

Wool and sheepskins .

1,790

9.6

1,920

10.3

1,875

9.8

1,789

8.7

2,000

8.4

2,573

8.8

3,069

9.5

Other (dairy, fruit, etc.)

1,653

8.9

1,636

8.7

1,752

9.2

1,984

9.6

2,132

9.0

2,429

8.3

2,958

9.2

Total Rural ...

8,848

47.6

8,687

46.4

8,275

43.4

7,905

38.3

8,974

37.9

10,844

37.1

12,273

38.1

NON-RURAL EXPORTS

Metal ores and minerals ...

3,306

17.8

3,409

18.2

3,456

18.1

3,852

18.7

4,229

17.9

4,718

16.2

5,000

15.5

Mineral fuels-

coal and briquette .

1,686

9.1

1,981

10.6

2,295

12.0

3,078

14.9

3,338

14.1

4,665

16.0

5,223

16.2

other ...

427

2.3

497

2.7

846

4.4

1,046

5.1

1,427

6.0

2,346

8.0

2,287

7.1

Petro chemicals*...

N.A.

N.A.

20

0.1

21

0.1

12

0.1

10

.0

10

.0

16

.0

Metals and metal manufactures ...

2,027

10.9

1,686

9.0

1,627

8.5

1,912

9.3

2,192

9.3

2,508

8.6

2,717

8.4

Machinery and transport equipment ...

798

4.3

912

4.9

1,053

5.5

1,150

5.6

1,379

5.8

1,659

5.7

1,620

5.0

Other ...

1,497

8.1

1,527

8.2

1,513

7.9

1,701

8.2

2,131

9.0

2,461

8.4

3,088

9.6

Total Non-Rural ...

9,741

52.4

10,032

53.6

10,808

56.6

12,751

61.7

14,706

62.1

18,367

62.9

19,951

61.9

Total Exports ...

18,589

100.0

18,719

100.0

19,083

100.0

20,656

100.0

23,680

100.0

29,202

100.0

32,224

100.0

* Full Title-Residual petroleum products not otherwise specified and unrelated materials.