Australia's trade surplus slightly narrowed to AUD 4.87 billion in April 2019 from a downwardly revised of AUD 4.89 billion in the previous month, and below market consensus of AUD 5.1 billion surplus. This was the smallest trade surplus since January, as exports rose 2 percent month-over-month to AUD 40.43 billion while imports increased at a faster 3 percent to AUD 35.55 billion. Considering the first four month of the year, the trade surplus surged to AUD 19.27 billion from AUD 4.67 billion in the corresponding period of the prior year. Balance of Trade in Australia averaged -465.04 AUD Million from 1971 until 2019, reaching an all time high of 5017 AUD Million in February of 2019 and a record low of -4278 AUD Million in April of 2015.

Balance of Trade in Australia is expected to be 3100.00 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 1600.00 in 12 months time. In the long-term, the Australia Balance of Trade is projected to trend around -500.00 AUD Million in 2020, according to our econometric models.

Australia Balance of Trade
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Calendar GMT Actual Previous Consensus TEForecast
2019-03-07 12:30 AM Balance of Trade A$4.549B A$3.769B A$3B A$2.8B
2019-04-03 12:30 AM Balance of Trade A$4.801B A$4.351B A$3.8B A$3.8B
2019-05-07 01:30 AM Balance of Trade A$4.949B A$5.141B A$4.3B A$3.1B
2019-06-06 01:30 AM Balance of Trade A$4.871B A$4.887B A$5.1B A$5.3B
2019-07-04 01:30 AM Balance of Trade A$4.871B
2019-08-02 01:30 AM Balance of Trade A$ 3.1B
2019-09-06 01:30 AM Balance of Trade



Australia Trade Surplus Smallest in 3 Months

Australia's trade surplus slightly narrowed to AUD 4.87 billion in April 2019 from a downwardly revised of AUD 4.89 billion in the previous month, and below market consensus of AUD 5.1 billion surplus. This was the smallest trade surplus since January, as exports rose 2 percent month-over-month while imports increased at a faster 3 percent.

Exports rose 2 percent month-over-month to AUD 40.43 billion in April. Sales of non-rural goods increased 3 percent to AUD 26.40 billion, driven by metal ores and minerals (16 percent), metals excluded non-monetary gold (8 percent), other manufactures (4 percent), other non-rural (9 percent), and goods procured in ports by carries (5 percent). Additionally, sales of non-monetary gold jumped 20 percent to AUD 1.67 billion. Also, exports of services went up 1 percent to AUD 8.23 billion, boosted by travel (1 percent). Meantime, net exports of goods under merchanting surged 73 percent to AUD 19 million. In contrast, sales of rural goods fell 2 percent to AUD 4.12 billion, due to other rural (-5 percent).

Imports increased 3 percent to AUD 35.55 billion, as purchases of consumption goods rose 3 percent to AUD 8.93 billion, mainly food and beverages, mainly for consumption (3 percent), non-industrial transport equipment (6 percent), and textiles, clothing and footwear (9 percent). In addition, imports of capital goods increased 5 percent to AUD 6.60 billion, mainly driven by industrial transports equipment n.e.s (19 percent), ADP equipment (2 percent). Also, imports of intermediate and other merchandise goods went up 4 percent to AUD 11.26 billion, in particular fuels and lubricants (4 percent), parts for transport equipment (10 percent), other parts for capital goods (9 percent), and processed industrial supplies (4 percent). Conversely, purchases of services slightly fell to AUD 8.35 billion, dragged down by transport (-0.5 percent). Also, purchases of non-monetary gold fell 9 percent to AUD 410 million.

Considering the first four months of the year, the trade surplus surged to AUD 19.27 billion from AUD 4.67 billion in the corresponding period of the prior year.


Australian Bureau of Statistics l Chusnul Ch Manan | chusnul@tradingeconomics.com
6/6/2019 8:54:06 AM



Australia Trade Last Previous Highest Lowest Unit
Balance of Trade 4871.00 4887.00 5017.00 -4278.00 AUD Million [+]
Current Account -2900.00 -6325.00 277.00 -22471.00 AUD Million [+]
Current Account to GDP -1.50 -3.40 2.30 -7.30 percent [+]
Imports 35554.00 34569.00 36032.00 393.00 AUD Million [+]
Exports 40425.00 39457.00 40425.00 435.00 AUD Million [+]
External Debt 2095650.00 2084046.00 2095650.00 147312.00 AUD Million [+]
Terms of Trade 97.40 92.70 106.40 47.50 Index Points [+]
Foreign Direct Investment 80891.00 55183.00 80891.00 -37051.00 AUD Million [+]
Capital Flows 812.00 8520.00 25377.00 -375.00 AUD Million [+]
Tourist Arrivals 700400.00 836300.00 1057900.00 30100.00 [+]
Gold Reserves 68.70 68.70 79.85 68.70 Tonnes [+]
Crude Oil Production 332.00 331.00 781.00 243.00 BBL/D/1K [+]
Terrorism Index 2.83 3.09 3.11 0.01 [+]
Weapons Sales 38.00 98.00 158.00 2.00 USD Million [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category



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. . 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 - actual data, historical chart and calendar of releases - was last updated on June of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
4871.00 4887.00 5017.00 -4278.00 1971 - 2019 AUD Million Monthly
SA




Country Last Previous
Argentina 1131.00 Apr/19
Australia 4871.00 Apr/19
Brazil 6422.00 May/19
Canada -966.20 Apr/19
China 416.58 May/19
Euro Area 22532.90 Mar/19
France -4981.00 Apr/19
Germany 17900.00 Apr/19
India -15360.00 May/19
Indonesia -2501.90 Apr/19
Italy 4625.00 Mar/19
Japan 60.40 Apr/19
Mexico 1370.00 Apr/19
Netherlands 4154.00 Apr/19
Russia 13705.00 Apr/19
Saudi Arabia 180059.00 Dec/18
Singapore 3962.64 May/19
South Africa -3427.45 Apr/19
South Korea 2271.00 May/19
Spain -2352600.00 Mar/19
Switzerland 1906.00 Apr/19
Turkey -2982.01 Apr/19
United Kingdom -2740.00 Apr/19
United States -50791.00 Apr/19


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