Import, export prices signal another terms-of-trade hit

Thursday 30 July 2015

The Australian Bureau of Statistics (ABS) released export and import prices for the June quarter, which portends another fall in Australia’s terms-of-trade when the national accounts are released in early October.

According to the ABS, export prices fell 4.4% in the June quarter and were down by 8.9% over the year. By contrast, import prices rose by 1.4% over the June quarter and by 1.3% over the year (see below table).

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About the author

Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.