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Australia's Export Performance in East Asia

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  • Peter Drysdale
  • Weiguo Lu

Abstract

Despite the strong growth in Australia’s exports to East Asia in the past decade, Australia has lost import share in that market. Not only has Australia lost share to developing East Asian competitors, it has lost share relative to other industrialised country suppliers. The main reasons for Australia’s relatively poor record in exporting to East Asia are the adverse effects of commodity composition and loss of competitiveness in agriculture and (to a lesser extent) in manufacturing in trade growth. Competitiveness improved sharply in the minerals and fuels sector. Nonetheless, in the 1980s, the restructuring of Australia’s trade with East Asia was assisted by economic reform and trade liberalisation. Preliminary evidence suggests that reductions in industry assistance have facilitated Australia’s manufacturing exports, growth of which roughly matched the expansion of East Asian manufacturing market. Australia’s competitiveness in East Asian markets will depend importantly on future progress with economic reform and its impact on the productivity of established and newly emerging export industries.

Suggested Citation

  • Peter Drysdale & Weiguo Lu, 1996. "Australia's Export Performance in East Asia," Asia Pacific Economic Papers 259, Australia-Japan Research Centre, Crawford School of Public Policy, The Australian National University.
    • Handle: RePEc:csg:ajrcau:259
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    File URL: https://crawford.anu.edu.au/pdf/pep/pep-259.pdf
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    References listed on IDEAS

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    1. Gruen, N., 1993. "Export Assistance, Trade Liberalization, Strategic Trade Theory and the 'New Development Consensus'," CEPR Discussion Papers 288, Centre for Economic Policy Research, Research School of Economics, Australian National University.
    2. Gordon Menzies & Geoffrey Heenan, 1993. "Explaining the Recent Performance of Australia’s Manufactured Exports," RBA Research Discussion Papers rdp9310, Reserve Bank of Australia.
    3. White, Halbert, 1980. "A Heteroskedasticity-Consistent Covariance Matrix Estimator and a Direct Test for Heteroskedasticity," Econometrica, Econometric Society, vol. 48(4), pages 817-838, May.
    4. John Williamson, 1994. "The Political Economy of Policy Reform," Peterson Institute Press: All Books, Peterson Institute for International Economics, number 68, April.
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    Cited by:

    1. Shauna Phillips & Fredoun Z. Ahmadi-Esfahani, 2010. "Export market participation, spillovers, and foreign direct investment in Australian food manufacturing," Agribusiness, John Wiley & Sons, Ltd., vol. 26(3), pages 329-347.
    2. Xuping Cao & Shuai Yang & Xiangmeng Huang & Juxi Tong, 2018. "Dynamic Decomposition of Factors Influencing the Export Growth of China’s Wood Forest Products," Sustainability, MDPI, vol. 10(8), pages 1-16, August.
    3. Nilsson, Fredrik O.L. & Lindberg, Emma & Surry, Yves R., 2006. "Are the Mediterranean countries competitive in fresh fruit and vegetable exports?," 98th Seminar, June 29-July 2, 2006, Chania, Crete, Greece 10063, European Association of Agricultural Economists.
    4. Ahmadi-Esfahani, Fredoun Z., 2006. "Constant market shares analysis: uses, limitations and prospects," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 50(4), pages 1-17, December.
    5. Liu, Yan & Shi, Xunpeng & Laurenceson, James, 2020. "Dynamics of Australia's LNG export performance: A modified constant market shares analysis," Energy Economics, Elsevier, vol. 89(C).

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    JEL classification:

    • F10 - International Economics - - Trade - - - General

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