Australia's trade surplus jumped to AUD 10.14 billion in January 2021 from an upwardly revised AUD 7.13 billion in the previous month and easily beating market consensus of AUD 6.5 billion. This was the largest trade surplus on record, amid improving global demand as more countries reopen their economies following an easing of COVID-19 lockdowns. Exports surged 6 percent to a ten-month high of AUD 39.85 billion, while imports fell 2 percent to a three-month low of AUD 29.71 billion. source: Australian Bureau of Statistics

Balance of Trade in Australia averaged -224.21 AUD Million from 1971 until 2021, reaching an all time high of 10142 AUD Million in January of 2021 and a record low of -4194 AUD Million in April of 2015. This page provides the latest reported value for - Australia Balance of Trade - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Australia Balance of Trade - data, historical chart, forecasts and calendar of releases - was last updated on March of 2021.

Balance of Trade in Australia is expected to be 4400.00 AUD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Balance of Trade in Australia to stand at -500.00 in 12 months time. In the long-term, the Australia Balance of Trade is projected to trend around 5000.00 AUD Million in 2022 and 5500.00 AUD Million in 2023, according to our econometric models.

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Australia Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
10142.00 7133.00 10142.00 -4194.00 1971 - 2021 AUD Million Monthly
SA


Calendar GMT Actual Previous Consensus TEForecast
2020-12-03 12:30 AM Oct A$7.456B A$5.815B A$5.8B A$5.2B
2021-01-07 12:30 AM Nov A$5.022B A$6.583B A$6B A$6.5B
2021-02-04 12:30 AM Dec A$6.785B A$5.014B A$ 4.4B
2021-03-04 12:30 AM Jan A$10.142B A$7.133B A$6.5B A$6.2B
2021-04-01 01:30 AM Feb A$10.142B
2021-05-04 01:30 AM Mar A$ 4.7B
2021-06-04 01:30 AM Apr
2021-07-02 01:30 AM May


News Stream
Australia Posts Largest Trade Surplus on Record
Australia's trade surplus jumped to AUD 10.14 billion in January 2021 from an upwardly revised AUD 7.13 billion in the previous month and easily beating market consensus of AUD 6.5 billion. This was the largest trade surplus on record, amid improving global demand as more countries reopen their economies following an easing of COVID-19 lockdowns. Exports surged 6 percent to a ten-month high of AUD 39.85 billion, while imports fell 2 percent to a three-month low of AUD 29.71 billion.
2021-03-04
Australia Posts Largest Trade Surplus in 6 Months
Australia's trade surplus increased to AUD 6.79 billion in December 2020 from a marginally revised AUD 5.01 billion in the previous month. This was the largest trade surplus since June, amid improving global demand as more countries reopen their economies following an easing of COVID-19 lockdowns. Exports rose 3 percent to a nine-month high of AUD 37.27 billion, while imports fell 2 percent to AUD 30.48 billion. Considering full 2020, the trade surplus widened slightly to AUD 72.10 billion from AUD 70.32 billion in the same period of 2019.
2021-02-04
Australia Trade Surplus Below Estimates in November
Australia's trade surplus decreased to AUD 5.02 billion in November 2020 from a downwardly revised AUD 6.58 billion in the previous month and missing market consensus of an AUD 6 billion surplus. This was the smallest trade surplus since August, amid ongoing COVID-19 disruption, with some countries experiencing a fresh wave of infections. Exports rose 3 percent to a seven-month high of AUD 36.39 billion, while imports jumped 10 percent to a nine-month high of AUD 31.37 billion. Considering the first eleven months of the year, the trade surplus widened slightly to AUD 65.47 billion from AUD 64.80 billion in the same period of 2019.
2021-01-07
Australia Posts Largest Trade Surplus in 6 Months
Australia's trade surplus increased to AUD 7.46 billion in October 2020 from an upwardly revised AUD 5.82 billion in the previous month and easily beating market consensus of a AUD 5.8 billion surplus. This was the biggest trade surplus since April, amid improving global demand as more countries reopen their economies following an easing of COVID-19 lockdowns. Exports rose 5 percent to AUD 35.72 billion, while imports edged up 1 percent to AUD 28.26 billion. Considering the first ten months of the year, the trade surplus widened slightly to AUD 60.92 billion from AUD 59.24 billion in the same period of 2019.
2020-12-03

Australia Balance of Trade
In 2017 and 2018 Australia recorded trade surpluses mostly due to rise in a resource exports like natural gas, metal ores and minerals, coal, coke and briquettes and rural goods such as meat and cereals. The biggest trade surpluses are recorded with China, Hong Kong and Japan and New Zealand and the biggest trade deficits with the United States, Singapore, South Korea, Malaysia and Thailand. .