Australia buying more from N.Z.
NZPA-AAP Canberra Australia imports from New Zealand grew by sAustl9s million (SNZ26S million), or 21.2 per cent, to sAustl.l2 billion (SNZI.S2 billion) in the year to June 30, according to figures released by the Australian Bureau of Statistics. The figures also showed that the United States has replaced Japan as Australia’s largest import nation. United States imports stood at $6.82 billion (SNZ9.2B billion) in the year to June 30 and outpaced' the Japanese import level of $6.64 billion (SNZ9.O3 billion) in the same period. Last year Japan was the largest exporter with $5.36 billion ($NZ7.29 billion), compared with the United
States’ $5.18 billion (SNZ7.OS billion). The nine European Economic Community countries ranked as the third largest bloc with imports amounting to $6.28 billion (SNZB.S4 billion), or a 23 per cent gain on last year. A separate ABS document also released showed that exports of major goods grew strongly in the 1984-85 financial year, with most of the growth concentrated in the resources and rural industries. Total exports jumped by 23.6 per cent to $30.64 billion ($NZ41.67 billion), from $24.78 billion ($NZ33.70 billion) last year. Coal exports grew by 38 per cent to $4.61 billion ($NZ6.27 billion),
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Press, 7 August 1985, Page 35
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201Australia buying more from N.Z. Press, 7 August 1985, Page 35
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