Monthly Statistical Bulletin
6.3 Terms of trade
Quarter	2007–08	2008–09	2009–10	2010–11	2011–12
Implicit price deflator for exports of goods and services (a) (b) – index
September	93.3	121.3	95.9	115.6	126.5
December	94.5	132.7	94.0	112.0
March	96.9	117.3	96.4	116.7
June	109.2	100.6	113.5	123.6
Annual average	98.7	118.1	100.0	117.0
Implicit price deflator for imports of goods and services (a) (b) – index
September	100.7	107.5	103.3	99.5	96.2
December	101.0	121.2	99.0	96.0
March	103.0	117.4	98.4	96.3
June	103.6	106.9	99.9	96.4
Annual average	102.1	113.3	100.0	97.0
Terms of trade (a) (b) (c) – index
September	92.6	112.8	92.8	116.2	131.5
December	93.6	109.4	95.0	116.7
March	94.1	99.9	97.9	121.2
June	105.4	94.1	113.6	128.1
Annual average	96.7	104.2	100.0	120.6
(a) Quarterly figures are seasonally adjusted.
(b) Base: 2009-10 = 100.0.
(c) Index of the ratio of the implicit price deflator for exports of goods and services
to the implicit price deflator for imports of goods and services
Source: ABS, Balance of payments and international investment position, Cat. no. 5302.0
								Update
								6 March 2012