Australia’s Defense Exports Surged in FY2018-19

The recently published DEC statistics reveal that approved defence export permits during FY2018-19 was far more than in previous years, representing a mandated requirement – from 1 January 2018 – for exporters to provide the expected value of their sales in export permit documentation.

DEC is responsible to the Minister for Defence for regulating the export of defence and strategic goods and technologies.

The statistics reveal the value of approved defence export permits for the FY2018-19 was worth $4.91 billion – additionally, the statistics revealed permits approved in FY2016-17 and 2017-18 had a value of $1.12 billion and $1.57 billion, respectively. 

DEC statistics reveal that in FY2018-19 a total of 93 per cent of permits included a declared value, while 72 per cent and 83 per cent of the permits included declared values in FY2016-17 and FY2017-18.

Additionally, the DEC reveals that in FY2018-19 the majority of approved permits – 22 per cent – were linked to exports to North America. End-user requirements within Australia for ‘returns and repairs’ on foreign systems accounted for 20 per cent, as did permits for Asia.

The majority of the remainder were for end-users in Europe (18 per cent) and New Zealand (17 per cent). Permits approved for fiscal years 2016-17 and 2017-18 show a similar trend for geographical locations.

Finally, the DEC stated it received a total of 3,973 defence export applications in FY2018-19, a 4 per cent increase over the 3,826 applications received the previous year.

A total of 89 per cent of defence export applications received in 2018/19 were deemed by the DEC as “non-sensitive”, while the remainder were regarded as ‘sensitive or complex’.

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