This paper introduces new agricultural export price and volume indicators. These indicators cover a gap in the available agricultural export statistics and will provide further insights into Australian agricultural exports.
The new indicators form an export account and provide disaggregated price and volume indicators across Australian agricultural sectors and industries. The indicators have been compiled on a monthly, quarterly and annual basis.
The indexes are constructed using the Fisher index formula. The Fisher index was chosen because of its useful economic and statistical properties that allow for decomposition analysis and to provide consistent estimates despite underlining volatility.