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| Definitions and explanations |
| Australian merchandise exports: are valued on a free on board (fob) basis at the Australian port of export. The costs of freight, insurance and other distributive services beyond the Australian customs border are not included. Australian merchandise imports: are valued on a customs value for duty (vfd) basis that is identical to a free on board (fob) basis. The customs vfd is the price actually paid at the port of origin, including inland freight and insurance costs incurred in delivering the commodity to the port of origin. The freight and insurance costs of delivering the commodity(s) to the Australian port of destination are excluded. Accounting of international merchandise trade: the valuation of Australian merchandise exports and imports used in the accounting of international trade in the Australian Balance of Payments and the international trade statistical system are in accordance with the definitions published in the harmonised international standards determined by the International Monetary Fund, Balance of Payments Manual (version 5), 1993 and the United Nations, System of National Accounts, 1993. Aquaculture production is the liveweight quantity of product produced and marketed by aquaculturists. Aquaculture value is the assessed value received by aquaculturists on the basis of an at ‘farm-gate’ equivalent, for product marketed. Export quantity data are supplied by the Australian Bureau of Statistics on the basis of the net product weight exported. Export value data are supplied by the Australian Bureau of Statistics on the basis of free on board value. Import quantity data are supplied by the Australian Bureau of Statistics on the basis of the net product weight imported. Import value data are supplied by the Australian Bureau of Statistics on the basis of product cost. The value excludes insurance and freight costs in delivering the commodity to Australia from the port of origin but may include inland freight and insurance costs incurred in delivering the commodity to the port of origin. Production quantity is a measure of the quantity of fish product landed by fishery, usually on the basis of catch records. Production value is the assessed value at the point of landing for the quantity produced and excludes transport and marketing costs. Products consist of fisheries products marketed for human consumption plus non-edible fisheries products. Seafood is any fish or other aquatic plant or animal intended for human consumption; it excludes non-edible fisheries products. Southern bluefin tuna Southern bluefin tuna sold from aquaculture farms in South Australia is reported at its market value. However, the input quantity and value of those tuna is also included as a production output from the Commonwealth’s southern bluefin tuna fishery. To avoid double counting, the input quantity and value is netted out of Australian totals. ‘Reals’ and rounding ‘Real’ 2006-07 dollars refers to the conversion of nominal dollar values to take account of inflation. Real dollars are typically applied when values are compared over time, while year-to-year comparisons are typically expressed in nominal terms. Changes are expressed in nominal terms unless stated otherwise. Small discrepancies in totals are generally caused by the rounding components. A dash (–) is used to denote a nil or negligible amount. |
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