Monthly Statistical Bulletin
6.3 Terms of trade
Quarter	2004–05	2005–06	2006–07	2007–08	2008-09
Implicit price deflator for exports of goods and services (a) (b) – index
September	80.9	90.3	100.2	98.1	127.0
December	80.6	93.1	100.0	99.3
March	80.9	95.1	100.3	103.2
June	87.4	99.1	99.9	115.2
Annual average	82.4	94.4	100.0	104.1
Implicit price deflator for imports of goods and services (a) (b) – index
September	99.4	98.7	102.9	97.8	104.9
December	97.9	99.4	100.4	97.6
March	95.6	101.3	98.9	99.9
June	97.2	103.5	98.8	100.5
Annual average	97.5	100.7	100.0	99.0
Terms of trade (a) (b) (c) – index
September	81.3	91.5	97.4	100.3	121.0
December	82.3	93.6	99.6	101.7
March	84.7	93.9	101.3	103.2
June	89.9	95.7	101.1	114.6
Annual average	84.5	93.7	100.0	105.1
(a) Quarterly figures are seasonally adjusted.
(b) Base: 2006-07 = 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
								3 March 2009