Investor Presentaiton
The Australian economy.
Commodity prices expected to remain higher for longer.
World growth post COVID-19 (% yr)
Australian commodity prices (index)
%yr
Westpac %yr
f'casts
2012-100
765432-0-2345
China
Other
Advanced
Total
76543N-OT≈345
160
140
120
100
80
60
40
20
1995 1998 2001 2004 2007 2010 2013 2016 2019 2022
Mar-13
Mar-15
Sources: IMF, Westpac Economics
Australian export composition1 ($bn)
Mfg/Other,
50
Australian export destinations 1 ($bn)
Iron ore,
116
Rural, 43
NZ, 10 Other, 22
Europe,
12
US, 19
Services,
92
Other
resources, 75
Asia, rest
of, 65
Coal, 43
LNG, 36
Korea,
23
Source: ABS, DFAT, Westpac Economics
Sources: DFAT, Westpac Economics
1 All figures show $bn exports in 2020, note that figures may not sum due to rounding and other small differences in source data.
102
Westpac Group 2021 Interim Results Presentation & Investor Discussion Pack
Economics
Iron ore
Thermal coal
Met coal
Brent
2012-100
Westpac 160
f'casts to
Dec-22
140
120
100
80
A
60
40
20
Mar-17
Mar-19
Mar-21
Sources: Westpac Economics, Bloomberg, ABS
China,
145
Australian exports to China1 ($bn)
Rural, 13
Services,
16
Other
resources,
9
LNG, 10
Mfg/Other,
3
Coal, 16
0
Iron ore,
93
Japan,
44
Source: DFAT, ABS, Westpac Economics
Westpac GROUPView entire presentation