An Analysis of Australian Exports to its Major Trading Partn's:Mid-1960s to Late 1970s*
*This is a revised and updated version of an earlier paper on the same topic (McColl and Nicol, 1978). The authors wish to express their sincere debt to Thomas Mozina, of the Centre for Applied Economic Research, for very substantial assistance in gathering and analyzing the data used.
Abstract
‘Constant market shares’ analysis is used to examine Australia's exports to its major trading partners. Declining shares of overall UK. EEC and US markets were partly offset by increasing shares of Japanese imports. Australian exports of alumina, iron ore, coal, other metalliferrous ores and some non-ferrous metals and semi manufactures gained larger shares of imports, but Australia lost ground in other commodities. Un favourable commodity composition effects were responsible for these losses. There were some offsetting gains arising from favourable market distribution effects. predominately because of Japanese purchases of Australian goods Losses' due to lack of ‘competitiveness’ in agricultural commodities were important in the 1970s, particularly for exports to the UK.
